Microbank offers 3 kinds of savings accounts namely, Regular, Skul Fee and Dream savings Accounts. Each of these accounts is designed for different purposes.

Regular Savings Account

This account is intended as an operating account of the client. The saver can deposit and withdraw anytime to pay for recurring or any personal urgent needs. It can be used as leverage on a personal or business loans. This account earns interest rate at certain required minimum balance.

Skul Fees Savings Account

This account is intended as an operating account of the client. The saver can deposit and withdraw anytime to pay for recurring or any personal urgent needs. It can be used as leverage on a personal or business loans. This account earns interest rate at certain required minimum balance.

Dream Savings Account

This account is intended as an operating account of the client. The saver can deposit and withdraw anytime to pay for recurring or any personal urgent needs. It can be used as leverage on a personal or business loans. This account earns interest rate at certain required minimum balance.

Features of Savings account

Requirements of Savings account.

Type of Account Prerequisite to open account To submit at the time of opening the account

Regular Savings

Members of Savings Group

Group endorsement certificate

Individuals

Valid ID

Business Owners

IPA Certificate

Company Search

Employed Individuals

 

Skul Fee Savings

Must have a Regular Account

Group endorsement certificate

Valid ID

IPA Certificate

Company Search

Dream Savings Account

Must have a Regular Savings

Group endorsement certificate
Valid ID
IPA Certificate
Company Search

Time Deposit

Must have a Regular Savings Account

Group endorsement certificate
Valid ID
IPA Certificate
Company Search

Wise Kids Savings

Kids 5 years and below

Trustee account to be created by parent or guardians.

Young Entrepreneurs

Youths planning to build capital

IPA Registration

Pipol's SME

Business with capital or inventories above K50,000.00

IPA Registration

Treid Stoa

Taka box or Treid Store operators

Business License

PMV Express

PMV or hire car operators

IPA Certificate, PMV Registration

Wise Man S/A

Men savings account

Valid and Acceptable ID

Wise Women S/A

Womem savings account

Valid and Acceptable ID

 

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