Republic Bank 55 Plus Account
- This product targets all Ghanaians above the age of 55 years
- Account to provide competitive and hassle free savings options post retirement.
- To finance short term needs on account holders (unsecured loans of up to GH¢5,000 tied to their monthly pension income)
- Applicant must meet minimum monthly pension income (currently GH¢296)
Key Product Features – 55 Plus
- Account is interest bearing
- Account holders to be issued cheque books
- Initial account opening amount of GH¢ 50.00
- No minimum operating balance
- No COT
- Tiered interest rate max of 8% applied on minimum monthly balance but applied quarterly.
- Minimum monthly balance of GHS1,000 must be held to earn interest
- Free Republic Bank ATM Card
- Free 24/7 access to FastNet services
- Free admission to all Republic Bank co-sponsored programs
- Free cheque book request
- Free standing orders / transfers(internal)
- Priority service at any Republic Bank banking hall or service center
TIERED INTEREST RATE-55 PLUS
- Tiered Interest Rate, maximum of 8% p.a.