Business Target Account
Business Target Account
With up to 12%p.a. on your Thrive Target Savings Account, saving has never been this exciting! Accelerate your financial goals with Thrive Target Savings Account, you deserve it.
Our compounded high interest rates on your Thrive Target Savings Account incentivize your savings habit and helps you to get to your desired goals faster. Choose from the options below with flexibility to upgrade anytime.
Get Savings Quote
How to open it
- 1Download and fill in the forms
Get them below, or from the Open an Account page.
- 2Gather your documents
See the checklist below.
- 3Submit them
Bring everything to 2 Ekololu Street, Surulere (Monday to Friday, 8:00 am to 4:00 pm), or send it to us from the Open an Account page.
- 4Bank on your phone
Once your account is open, download the Thrive app to manage it.
Forms to download
Documents to prepare
- Means of ID of all signatories
- Passport photographs of all signatories
- Utility bills for the signatories and the business address
- CAC or business registration certificates
- BVN of directors and signatories
- Tax identification number (TIN)
- Two references
- Board resolution (in the corporate form) for limited companies
Everything in one app
View your account and transaction details.
Send money to your own accounts, saved beneficiaries or any bank account.
Pay for services in a few taps.
Request, activate, change the PIN or temporarily block it.
Get your statement as PDF or Excel.
A 6-digit password, a 4-digit transaction PIN and optional biometrics.
Download Thrive MFB
Banking made simple. Manage your account, transfer money and pay bills from your phone.
Questions people ask
Target Savings Level 1
- Minimum Opening Amount of N100,000.00
- Monthly saving of N10,000.00 – N25,000.00
- No withdrawal from the account in the first 6month
- Minimum savings period of 12months
- Interest rate of 6%
Target Savings Level 2
- Minimum opening amount of N250,000.00
- Monthly savings of 25,001.00 – 100,000.00
- No withdrawal from the account in the first 6month
- Minimum savings period of 12months
- Interest rate of 8%
Target Savings Level 3
- Minimum opening amount of N1,000,000.00
- Monthly savings of 100,001.00 – 500,000.00
- No withdrawal from the account in the first 6month
- Minimum savings period of 12months
- Interest rate of 10%
High-Yield Target Saving Account
- This is essentially a fixed deposit proposition with a flexibility to increase the initial deposit without breaking the deposit of booking another
- Minimum initial deposit of N2,000,000.00
- Minimum monthly savings above N500,000.00
- Flexibility to increase deposit amount at any time while enjoying same rate
- No withdrawal in the first six month
- Minimum savings period of 12months
- Interest rate of up to 13%
Requirements
- Scanned copy of passport photograph
- Scanned copy of signature
- 2 Reference forms
- BVN
- Copy of utilities
Savings tiers
No withdrawals in the first 6 months. Minimum savings period 12 months.
Call our help centre
Talk to us today and challenge us to help your business to thrive. +234 (0) 815 060 8627
