Trust Account
The Sterling Alternative Trust Account is specifically designed for customers that desire to save incrementally towards a targeted purpose eg children’s education, endowments etc.
Features
- Minimum deposit of N20,000.00 with subsequent monthly contributions in multiples of N5,000.00
- Minimum tenor of 1 year
- Opportunity to earn returns in a manner compliant with non-interest banking principles
- No penalties for early termination
- Multiple investments is permissible and they can run concurrently
- Contributions can be made through standing order instructions, post-dated cheques, cash deposits or e-transfers
- Accounts can be opened in children’s names
- Completed investment form
- Available to SAF transactional (Current, Savings or Kia-kia) account holders
