This aspect of our service is further broken down into smaller accounts for easy operation. These accounts are as follows:-
- Ordinary Savings Account; this savings account is operated on a daily/weekly/monthly pattern consistently. Withdrawals are accessed at ease (the Cooperative deserves the right of notice of withdrawals of part of or the whole of a deposit) with commission /service charge applied on the amount one withdraws. 10% per annum Interest is payable to six (6) months and above consistent savers without withdrawal.
- Membership Current Account; this account allows one save/deposit in bulk and withdraw at will without notice on withdrawal. It also gives one access to Loan and Overdraft based on turnover.
- Special Savings/Fixed Deposit Account; An account with a minimum deposit of 50,000 that will run for one year on an interest rate of 10-18%. In this account, interests are paid to monthly earners seven working days after due date and 30 working days after due date for quarterly and others. Total withdrawals are always within ninety (90) days without interest.
- Investment Scheme Account; this account can be seen as a withdrawable share account where the member buys into the operation of the Cooperative from N100,000 and above for a minimum of 2 years at a 50% interest on investment and or 4 years at 100% return on investment. Withdrawals are as applicable in Fixed Deposits.
- Food Security Account; this account allows one to have 25% savings of the total cost of food items one wants to purchase.
- Asset Account; this account allows one to have 25% savings of the total cost of an asset one wants to purchase
- Common-wealth Account; this is a general account that is opened to both individual and corporate bodies to run. It’s a yearly account where deposit is made daily/weekly without withdrawal or you withdraw by paying a default fee of 10% of your savings made so far. On the other hand, 10% per annum will be paid as an interest account once it gets to one year.
- Isusu/Agbaeburu Account; this account consists of a mandatory deposit of the weekly amount of any class chosen by the member for the period of twenty five (25). Each member of a class is entitled to a collection of the total volume of contribution of the class per week in his/her collection week with a 2% commission fee payable to the Institution and must contribute four (4) weeks before he/she is eligible to pick a number. Collection timing is according to the date picked by the member. A free interest loan available to members operating the account.
Note: All these accounts are subjected to an account maintenance fee and alert control system. Our credit exposures (funds) are insured and by extension our members deposit are insured and our sources of funds includes; Crowd-funding, Borrowing from Commercial Banks and International Donors/Agencies.