At Lovonus Microfinance Bank, our savings accounts are designed to help you build wealth, stay disciplined, and reach your financial goals faster. Whether you’re saving for a rainy day or your child’s education, we offer flexible, secure, and rewarding options tailored just for you.
Savings for short term/long term project . With the minimum of N2,000.00 daily deposits.
NB: Withdrawal from this account before 6 months automatically forfeits your interest yield.
Savings for short term/ long term project, such as housing project, starting a new business, buying a car, getting married, paying school fees, paying house rent.
Minimum: N2000 daily deposits or N10, 000 deposits 6.8% interest per year.
Duration: 6 months
Incentives: Branded gifts at the end of the year.
Terms and conditions:
Withdrawal more than twice during duration automatically forfeits 40% of interest yield.
There’s no better way to give a child a little help later in life than with the Lov Kiddies Account. Opening a Lov Kiddies Account is a great way to start your child on the habit of saving. Lov Kiddies is a type of bank deposit product which is typically affordable because it aims to encourage children and young adults up to 18 years of age to start saving money in a bank account.
It’s a mini investment account with high yield interest, The principal and interest can be withdraw at the end of duration or rolled -over
Minimum daily savings of N1,000, 8.5% interest per year.
Duration: 12 months
Incentives: Branded gifts at end of the year
Terms and conditions:
Withdrawal more than once during the duration automatically forfeits 40% interest yield.
Pure savings account that can be targeted towards a short term plan.
Minimum daily deposits of N2, 000 or N10,000weekly deposits , 4% interest per year
Duration: 12 months
Incentives: Branded gift at the end of tenure
Promo savings where you stand to win a gift at every raffle draw.
N1000 daily deposits, 2%interest per year on savings (payable every 3month ).
Incentives: A chance to participate in the quarterly raffle draw where various prices can be won , prices include generator , fan ,iron , fridge, micro wave , gas burner ,T-shirts and other consolation prices.
Terms and conditions: Withdrawal within 3months of savings automatically forfeits the chances to participate in the raffle draw.
Lovonus Microfinance Bank is licensed by the Central Bank of Nigeria under the Bank & Other Financial Institution Act (BOFIA) of 1991 (as amended) and the National Microfinance Regulatory and Supervisory Framework of December 2009
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