SMART SAVE ACCOUNT

Where can I open a Smart Save Savings Account?
 You can open a smart save account at any of our branches nationwide.
Tue, 16 Feb, 2021 at 4:43 PM
Must my deposits be paid across the counter with cash?
No, in addition to cash deposits, you can make transfers into your account, receive credits, and set up standing instruction to fund your smart save account
Tue, 16 Feb, 2021 at 4:43 PM
Upon the conclusion of my target savings how will I access my funds?
You can access your funds by transferring to your savings/current account, or by collecting cash, whichever you prefer.
Tue, 16 Feb, 2021 at 4:43 PM
What happens if I want to withdraw my total savings before the target date?
You would get your full savings as well as your earned monthly interests, but you would forfeit your bonus interest.
Tue, 16 Feb, 2021 at 4:44 PM
Will I be allowed to deposit more than the specified target amount?
Yes, you would, interest would be paid on the excess amount as well.
Tue, 16 Feb, 2021 at 4:44 PM
What is the Supplementary Smart Save Account opening for?
 It is for those without an existing Wema Bank account.
Tue, 16 Feb, 2021 at 4:44 PM
Where is the bonus interest paid into?
 It is paid into your smart save account
Tue, 16 Feb, 2021 at 4:44 PM
What is Bonus interest?
This is 20% of the total interest earned per quarter on your Smart Save Account. This is paid to the Smart Save Account holder every quarter in addition to ...
Tue, 16 Feb, 2021 at 4:44 PM
Do I earn interest on funds in my Smart Save Account?
Yes, you earn interest monthly and a quarterly bonus interest.
Tue, 16 Feb, 2021 at 4:44 PM
What happens if I decide to change my savings pattern from weekly to monthly?
Nothing, Smart Save Account gives the customer freedom to deposit money into their account at their convenience.
Tue, 16 Feb, 2021 at 4:45 PM