Benefits
Xpress Savings account
With a minimum opening deposit of NGN 1, 000 you can start taking important steps to secure your financial future.
Features
- Account minimum operating balance of N1, 000
- Payments can be made anywhere nationwide with our Pocket Money banking service
- Easy access to your account
- Expert financial advice available
Documents Required
- Duly completed application form
- 2 recent passport-size photographs
- Current utility bill
- A valid means of ID (national ID, driver's license, voter's card or international passport)
RATES
Xpress Savings interest rate
Earn interest on your entire account balance with an Xpress Savings Account. That’s cash you earn simply for placing your money in an interest-bearing Xpress savings account.
Daily Collected Balance | APY+ | Interest Rate |
---|---|---|
All balances |
1.25% |
0.10% |
Rates current as of January 1, 2021, and subject to change.
+Annual Percentage Yield. Rate is variable and subject to change. Fees could reduce the earnings on the account. Call or visit a branch for more enquiry.
Frequently Asked Questions
Question | Answer |
---|---|
How do I open an Xpress Savings Account? |
To open an Xpress Savings account, you need to fill out the account opening form, bring 2 recent passport-size photographs, utility bill and a valid means of identification along to LAPO MfB branch closest to you. |
Who can operate an Xpress Saving Account? |
Anybody can operate the account. |
Where can I open Xpress Savings Account? |
You can open Xpress Savings Account at any LAPO MfB branch nationwide. Our Client Support Officers (CSO) will be glad to open one for you. |
Do I need a guarantor to open an Xpress Savings Account? |
No |
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Details you need to make a smart decision
NGN 1, 000 minimum opening deposit required for Xpress 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.