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Assurance Fix Deposit Account

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Assurance Fixed Deposit Account

Grow your money securely with Assurance Fixed Deposit Account. Invest a specific amount of money for a fixed period at an agreed-upon interest rate. At the end of the investment period (tenor), you have the flexibility to either re-invest (roll over) or withdraw (liquidate) your investment along with the interest earned. 

Grow your money with the Assurance Fixed Deposit Account, which allows you to invest a specific amount of money for a fixed period of time at an agreed interest rate. At the end of the agreed period (tenor), your investment can either be rolled over (re-invested) or liquidated (returned to you) along with the interest earned.

Benefits of the Assurance Current Account

  1. Daily Interest Accrual: Interest is calculated daily and credited to your account monthly, maximizing your returns over time.
  2. Secure Investment: Invest with confidence knowing your money is growing at a fixed, attractive interest rate.
  3. Flexible Options: Choose between rolling over your investment or liquidating it at the end of the tenor.
  4. Pre-Liquidation Flexibility: Access a portion of your accrued interest even before the investment matures, subject to a 35-day notice.
  5. Attractive Interest Rate: Benefit from a 15% interest rate, which provides a competitive return on your investment.
  6. Personalized Support: Our customer support team is ready to assist you at any time, offering personalized advice to help you achieve your financial goals.
  7. Safety and Security: Your savings are protected by a trusted financial institution with a history of integrity and customer service excellence.
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Account Features

  1. ₦5,000 Minimum Balance Maintain a low minimum balance and enjoy full access to your funds whenever needed.
  2. USD Banking Access foreign currency services with ease, allowing you to send and receive payments in USD.
  3. Email/SMS Alerts Stay informed about your transactions and account activities in real time with our SMS and email alerts.
  4. Investment Period (Tenor): Minimum of 180 days and a maximum of 360 days.
  5. Minimum Opening Balance: ₦100,000.
  6. Interest Rate: 15% per annum.
  7. Pre-Liquidation: Withdraw 75% of accrued interest with 35 days’ notice in writing.
  8. Early Termination: The investment can be terminated before maturity, but accrued interest will be forfeited.
  9. Flexible Termination: The account can be terminated at the customer’s discretion.

To open an Assurance Current Account, you need the following:

    1. Completed Account Opening Form Visit our branch or website to download and complete the form.
    2. One Recent Clear Passport Photograph A clear passport photograph of the account signatory.
    3. Identification Documents Provide any of the following:
      • Driver’s License
      • International Passport
      • National Identity Card
      • Voter’s Card
    4. Proof of Residence A recent public utility bill dated within the last three months (e.g., PHCN bill, water bill, rent receipt, or telephone bill).
    5. Two Independent and Satisfactory References Submit references from individuals with operational bank accounts.
    6. Bank Verification Number (BVN) and National Identification Number (NIN) Provide your BVN and NIN to meet regulatory requirements.
    7. Option to Open a Domiciliary Account You can also open a domiciliary account using the same documents for foreign currency transactions.
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Assurance Website

Manage your account, transfer funds, and access banking services via our secure online platform.

Assurance Direct Call – 24/7 Telephone Banking

Access your account anytime through our 24-hour call center for inquiries, transfers, and account management.

In-Branch Banking

Visit any of our Assurance branches across Nigeria for personalized banking services.

Who can open?

How to Open an Assurance Current Account

  1. Step 1: Complete the Application Visit our website to complete the online account application or download the form to submit at any branch.
  2. Step 2: Submit the Required Documents Submit the required documents, including identification and proof of residence, at the nearest branch.
  3. Step 3: Make an Initial Deposit Deposit the minimum ₦5,000 to activate your Assurance Current Account.
  4. Step 4: Start Enjoying Full Access Once your account is activated, enjoy the convenience of 24/7 banking with Assurance’s wide range of services.

Saving Goals

Emergency Savings

An Emergency Savings fund is a dedicated financial cushion designed to cover unexpected expenses, such as medical emergencies, car repairs, or sudden job loss. It helps protect against financial instability during unforeseen circumstances, offering peace of mind by ensuring you have readily accessible funds when life’s uncertainties arise.

Giving and Gifts Fund

A House Fund is a savings account specifically allocated for home-related expenses. Whether you’re saving for a down payment on a house, home improvements, or routine maintenance, this fund helps you plan for significant purchases or repairs, ensuring you’re prepared for both planned and unplanned housing costs.

House Needs

Giving and Gift Funds are savings set aside for charitable donations, gifts to loved ones, or special occasions like birthdays, weddings, or holidays. By planning ahead and saving in this fund, you can make meaningful contributions and give gifts without straining your budget, ensuring generosity without financial stress.

Rates

FEES

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Visit our website to complete the online account application or download the form to submit at any branch.

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GIVE US A CALL

If you have any questions or need assistance, feel free to reach out to us via:

070 2554 2269, 090 6254 7211, 081 0031 3103

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At Assurance Microfinance Corporation, we believe in the power of focused saving to achieve financial goals. Our “Saving Goal. One Account. One Result.” approach simplifies and streamlines your journey to financial success.

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Copyright 2023 | Assurance Finance Company At Assurance Microfinance Corporation, we believe in the power of focused saving to achieve financial goals. Our “Saving Goal. One Account. One Result.” approach simplifies and streamlines your journey to financial success.

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