Fix with LAPO & earn high interest

Sieze the opportunity to save funds that you do not immediately have need for and in addition, generate high interest on it.

TD Account features

This is a savings product available to individuals, unions, clubs, and registered business organizations. It allows clients to save funds that they do not immediately have need for and generate interest on it.


  • Minimum operating balance is N50,000
  • Highly competitive interest rate
  • Easy access to your account
  • Available to Individuals, Groups and Associations
  • You are able to secure and grow funds that are not for immediate use
  • Expert financial advice available

Documents Required

  • Duly completed application form
  • 2 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver's license, voter's card or international passport)

TD Account interest rate

Earn High-yield interest on your investment account. That’s cash you earn simply for placing your money in an interest-bearing savings account.

Daily Collected Balance
Interest Rate
All balances

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.

Frequently Asked Questions

Is the interest rate negotiable?


Who can operate a Term Deposit Account?

Anybody can operate the account.

Where can I open Term Deposit Account?

You can open Regular Savings Account at any Riverside MfB branch nationwide. Our Client Support Officers (CSO) will be glad to open one for you.

Find the savings account that's right for you


Savings-plan Savings

A savings safety net that earns you interest. Open the account with as little as a NGN 200 deposit.


My-Pikin Savings

Child-focused savings account with high interest and life insurance. A chance for your child to win Riverside MfB Scholarship.


Voluntary Savings

A very flexible and convenient savings account designed for clients to make savings on a voluntary basis.

Details you need to make a smart decision

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.