Target Savings Account

The Polaris Target Savings Account is an account designed to help customers save towards a specific goal / purpose within a defined period of time. Savings can be done one-off or in installments on a daily, weekly, monthly or quarterly basis, in line with the individual or business goal.

Features & Benefits
  1. Non-transactional account.
  2. Zero minimum opening balance.
  3. Standard savings interest rate.
  4. Flexible deposit lodgement on a daily, weekly, monthly, quarterly basis using direct deposit, standing order instruction, mobile or internet banking.
  5. Account can be opened via Polaris online account opening portal or in-branch.
  6. Email and SMS transaction notification
Required Documentation

Existing customers are to fill an add-on form

New Customers:

  1. 1 passport photograph
  2. BVN
  3. Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
  4. Utility bill (PHCN, Water bill, Waste disposal bill, tenement, etc.)
  5. Resident permit (for expatriates)

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