Savings Accounts
Jubilee Savings Account
Grow your savings with the Jubilee Individual Savings Account. Earn interest on your deposits, no matter what your goals are
Requirements for Account Opening
- Duly completed account opening forms.
- Form of Identification: Drivers‟ License, International Passport, National Identity card, Voter's card, and NIN slip.
- Original documents must be sighted and stamped/signed original sighted by the officer of the bank.
- Two passport photographs
- BVN for account signatory is a non-deferrable KYC requirement.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- Letter of introduction (applicable only to customers who do not have an acceptable form of identification). The person introducing the savings account holder must be a customer of the Bank with Valid identification and BVN.
- Initial Opening Deposit
Benefits
- Internet banking
- Mobile Banking
- Email/SMS alerts.
- USSD *737* 321#
- Competitive Interest rates
Jubilee Premium Savers Account
Earn a high-interest rate on your savings with a Premium Savers account. Let your money work for you and open up new possibilities
Requirements for Account Opening
- Duly completed account opening forms.
- Form of Identification: Drivers‟ License, International Passport, National Identity card, Voter's card, and NIN slip.
- Original documents must be sighted and stamped/signed original sighted by the officer of the bank.
- Two passport photographs
- BVN for account signatory is a non-deferrable KYC requirement.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- Letter of introduction (applicable only to customers who do not have an acceptable form of identification). The person introducing the savings account holder must be a customer of the Bank with Valid identification and BVN.
Initial Opening Deposit                                                    Â
Benefits
- Internet banking
- Mobile Banking
- Email/SMS alerts.
- USSD *737* 321#
- Competitive Interest rates
Jubilee Simpu Account
Have you been trying to explore the simplicity of opening a stress-free account? Try no further, a Jubilee SIMPU Account is your best bet.
SIMPU Account as the name implies is a level 1 three-tiered CBN type of account. It is designed to capture the unbanked in the economy.
Features
- Account opening balance of #500.
- Any means of Identification is required.
- One Passport Photograph.
- BVN is compulsory.
Benefits
- Maximum Single deposit of #50,000 and maximum cumulative balance of #300,000 at any point in time.
- No account maintenance fee is charged.
- No utility is required.
Jubilee Rainbow Account
Your kids are your future, invest in their future now.
The Rainbow account is a savings account explicitly for kids between the ages of 0-18 years old. This account is targeted at nurturing your children to become financially responsible by absorbing an early saving culture in them till adulthood
Requirements for Account Opening
- Duly completed account opening forms.
- Parent’s means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver's licenses, international passports, Voter cards
- Two passport photographs of the Parent/guardian and child.
- Birth certificate of the beneficiary (child).
- Parents/Guardian BVN.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required to enable paying in of cheques.
Features
- Opened to every child.
- Account opening balance of #2,000.
- Allow for lodgement of cheques in the child’s name
Benefits
- Access to school fees advances for parents.
- Direct debit instruction is allowed.
Jubilee Target Account
Thinking about that beautiful home, vacations, and mouthwatering events but don’t know the wherewithal, all you need is to open a Jubilee Target Account.
A target account is an account that helps the average saver in building regular monthly savings making it tangible enough to facilitate financial goals, e.g. Christmas, Vacations, Marriage, and other festivals.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver licenses, international passports, Voters cards
- Two passport photographs.
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Features
- A minimum opening amount of N5,000.
- A minimum monthly contribution of N5,000.
- Minimum Tenor of 12 months.
- No withdrawal until after 12 months.
- Creation of a pool of investible funds from the micro individual units.
Benefits
- Promotes savings habits amongst the middle-level corporate individual units.
- Cheque lodgement is allowed on the account. (where reference and utility bill is provided).
- Rewarding investment opportunities made available to monthly income earners.
- Highly Competitive Interest Rate.
Jubilee Korrect Account
Get things done on your phone. A smart way for corporate entities and individuals to carry out banking transactions conveniently on the go.
Korrect account is a more flexible account that can be opened online through our Internet banking platform and at any of our branches close to you. It is Convenient, Simple, Reliable, and Easy to use.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. Copies of driver's licenses, international passports, Voters cards
- Two passport photographs
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Features
- Customers determine the amount to lock up and the variant and are regularly safe towards it.
- Highly Competitive Interest Rate.
- Any withdrawal before the end of the period leads to forfeiture of interest.
- Funds can be locked up in the following variants:
- Regular (Nil), (ii) Silver (60days), (iii) Gold (90days), (iv) Platinum (365days)
Benefits
- It encourages target savings.
- Suitable for Nigerians in the diaspora (Diaspora requirements apply).
- Attractive interest rate.
- Customers can choose one or more variants.
Jubilee Pink Account
Industrious as they are, every Nigerian Woman faces so many challenges in their quest to grow a successful business, that is why we at JLMB pay close attention to the needs of women in helping them grow in business.
The pink account is an account designed specifically for women to attain personal goals and also to add value to Micro, Small, and Medium Enterprises (SMEs) to grow the enterprise.
Requirements for Account Opening
- Duly completed account opening forms.
- Means of identification. Note: a valid means of identification as stated in the account opening package i.e. copies of driver's licenses, international passports, Voters cards
- Two passport photographs
- BVN is required.
- Valid proof of residence i.e. utility bills issued in the last 3 months (PHCN, WATER, LAWMA, etc.).
- A reference is required.
Features
- A minimum opening amount of N10,000.00 for the Current Account.
- A minimum opening amount of N5,000.00 for a Savings Account.
- Highly Competitive Interest Rate.
- Not more than one withdrawal per quarter.
Benefits
- Rewarding investment opportunities such as
- Own a home.
- Own a land.
- Own a shop.
- Access to Financial Advisory services.
- Cheque lodgement to be allowed on the account. (where reference and utility bill are provided).
- Promotes savings habits amongst women folks, Corporate Individuals, and entrepreneurs.
- Access to all JLMB credit facilities.
