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| Union Kiddies Savings Account 
| A special savings account targeted at children between ages of 0 - 12 years. Features/Benefits
 Opening balance to be N 1,000.00
Interest rate 1% above the prevailing savings rate
Free ATM cards for kids with limits placed by parents
Points obtained from bills paid by parents or thier employers through the bank
Free personal accident cover for kids up to N 250,000 after six months of account operation with minimum average balance as stated below:
N 25,000 to N 50,000 - N 7,500
N 50,000 to N 100,000 - N 25,000
N 100,000 to 250,000 - N 100,000
Above N 250,000 - N 250,000
Click on this link to download the application form |
| Union Kiddies Term Account | An educational savings account targeted at children between the ages of 0 - 19 years. Features/Benefits
Opening balance to be N 1000 with an agreed lump sum up to maturity, which will determine the monthly contributions.
Interest rate 1.5% above the prevailing savings rate
Can be used as collateral after one year of operation
Has a life insurance component for the parent/guardian and a personal accident of up to N250,000 for the child only
the life assurance component is maximum of n 10million or 100% of outstanding credit contribution which ever is less
maximum tenor is 19 years.
Click on this link to download the application form |
Union Teens Account
(U-Teen) | A special savings account targeted at children in secondary/high schools whose ages range between 13 - 19 years. Features/Benefits
N1,000 opening balance
Interest rate is 1% above the prevailing savings rate
Personal accident cover for kids up to N250,000 as in kiddies account
Free ATM Card with limit marked by parents
Gain points for bills and taxes through the bank by parents and their employers.
Click on this link to download the application form
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| Union Graduate Account (a) School Time : | a savings account designed for students in tertiary institutions, but divided into three parts as follows:
A savings account designed for students from entry into tertiary institutions, to the time they become graduates.
Features/Benefits
Age limit is 16 years and above.
Opening balance is N2,000.00
Attract special interest rate of 1% above prevailing savings account
Runs as a normal savings account
Allows cheque /dividend warrant lodgement once the refrences are taken for the account holder
Accident insurance cover up to N250,000.00 in case of accidental death or permanent disability of parents / guardian, after six months of account operation with us. Scale as in kiddies account
Secure points from bills paid through the Bank by parents and/or guardians.
Access to promo's declared by the bank once a year.
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| (b). Service Time | Current account related, for fresh graduates during their service year.
Features/Benefits
zero account opening balance and COT free
Account to be opened with letter of identification from NYSC, Law Schools, Hospitals and Clinics.
Allows lodgement of cheques and dividend warrants once references are taken for the account holder
Access to draw credit of up to 300% monthly allowance to pay for accomodation and house hold fittings on setting up account
accident insurance cover up to N50,000 in case of accidental death or permanent disability of account holder, after six months of account operation with the bank
Domiciliation of monthly allowances with the bank
access to Agric and skill acquisition loans for small scale industry up to maximum of six months allowance
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| (c) Work Time | Current account related for fresh employees after Youth Service
Features/Benefits
Zero account opening balance and zero COT for one year
Allows lodgement of cheques and dividend warrants into account
Access to draw credit of up to 600% of monthly salary
Account holder must have operated the account for six months to enjoy the benefits and must have a reference letter from employer
Free personal accident insurance of up to N50,000
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