Republic Bank “Susu Plus” Account
- Targeted Savings Account
- Contract duration of 1 year
- Encourage regular monthly savings
- To give back to the customer one (1) deposit equivalent of the regular monthly savings
- Existing and potential non-customers
- Applicant must be 18 years and must meet minimum KYC requirements
Key Product Features – “Susu Plus”
- Account to be operated as a savings account
- Account can be operated as a joint account
- Initial account opening balance of GH¢50
- Minimum mandatory regular monthly contribution of at least GH¢50 for 12months post account opening.
- Non-negotiable no withdrawal policy on account for 1 year post account opening.
- Where forced withdrawal is made before the mandatory 12 months, customer loses all special interest gained.
- Optional one (1) year term insurance policy available
INTEREST RATE- SUSU PLUS
- One (1) month installment after twelve(12 )payments (implied rate of 15% )
Republic Bank Smartsave Account
- Product targets individual regular savers
- Grow savings of customers to acquire assets and