Savings Accounts

Find the savings account that's right for you

Savings-plan Savings

A savings safety net that earns you interest. Open the account with as little as a NGN 200 deposit.

My-Pikin Savings

Child-focused savings account with high interest and life insurance. A chance for your child to win LAPO MfB Scholarship.


A very flexible and convenient savings account designed for clients to make savings on a voluntary basis.

Term Deposits (TDs)

Earn more interest than traditional savings. You choose the length of term that best fits your needs.

Individual Savings

An Individual savings account is a simple way to start taking important steps to secure your financial future.

Social Impact Deposit (SID)

Attractive interest on deposits; Nominate a child from a low-income household for LAPO Scholarship.

My-Pikin & I Savings

A better future starts today – Save up to N 15, 000 for 3 months and get free fire, burglary, and disability insurance for 1 year.

Festival Savings

Festival Savings Account also enables clients to accumulate money for domestic expenses during festive periods.

Details you need to make a smart decision

NGN 200 minimum opening deposit required for savings account. Please refer to each product and service for additional details. Additional terms and miscellaneous fees may apply. Products, features and benefits offered with accounts are subject to change at any time. You may vsit our branch for additional details.

TD accounts are subject to approval. NGN 50, 000 minimum investment deposit required to earn advertised APY. Rates may vary or subject to negotiation based on the proposed principal amount and duration. Fees could reduce earnings on the account. You may vsit our branch for additional details.