- Account Opening Minimum of N200,000
- Payments can be made anywhere nationwide
- Expert financial advice available.
Other than the attractive interest on deposits, depositors are also entitled to nominate a child from a low-income household for LAPO Scholarship award.
The Social Impact Deposit (SID) Account is a deposit product designed to empower the vulnerable and the economically active poor in the society. The SID Account is an innovative deposit and investment platform that provides individuals with the opportunity to make deposits with Riverside Microfinance Bank that can be used to improve on the social needs of low-income individuals.
The SID Account will be targeted specifically at economically active poor individuals in Nigeria. With a minimum deposit of N200,000 and a minimum tenor of 6 months, savers in return are rewarded with attractive interest that comes with the account. Besides the attractive interest on deposits, the depositor is also entitled to nominate a child from a low-income household for the Riverside Scholarship award.
To open an SID Account today, kindly contact us on: 08028396589.
Earn interest on your entire account balance with a Social Impact investment Account. That’s cash you earn simply for placing your money in an interest-bearing savings account.
Daily Collected Balance |
APY+ |
Interest Rate |
---|---|---|
All balances
|
1.25%
|
0.10%
|
Rates are current as of January 1, 2021, and subject to change.
+Annual Percentage Yield. Rate is variable and subject to change. Fees could reduce the earnings on the account. Call or visit a branch for more enquiry.
A savings safety net that earns you interest. Open the account with as little as a NGN 200 deposit.
Child-focused savings account with high interest and life insurance. A chance for your child to win Riverside MfB Scholarship.
A very flexible and convenient savings account designed for clients to make savings on a voluntary basis.
NGN 200 minimum opening deposit required for savings account. Please refer to each product and service for additional details. Additional terms and miscellaneous fees may apply. Products, features and benefits offered with accounts are subject to change at any time. You may vsit our branch for additional details.
Copyright © 2021 Riverside Microfinance Bank. All rights reserved.
Developed by HBS
Copyright © 2021 Riverside Microfinance Bank. All rights reserved.
Developed by HBS