Savings Account
Save for a bright future today with our savings accounts, we've got something for everyone.
Our Savings account enables you bank wisely.
UBA Savings account is just right for you. It comes with great benefits, flexible opening and operating balances, prepaid and debit cards, access to digital banking channels, attractive interest rates – plus, it is safe, secure and an account you can operate anywhere, anytime.
UBA Savings Lite (Tier 1)
Take the first step towards managing your money better and enjoy amazing returns when you open a UBA Savings Lite account.
UBA Savings Account (Tier 3)
There is a UBA Savings account suitable for everyone. We’ll make opening an account easy. Just a few simple steps and you’ll be done.
UBA Target Account
Set savings goal for your dream, car, start-up business etc. and earn up to 5.50% interest rate per annum.
For The Self Employed
Are you self employed? Take the first step towards managing your money better.
For Employees
Are you an employee? Take the first step towards managing your money better.
Expatriate/Diaspora
Diaspora Banking is a unique banking service designed to meet the banking needs of Nigerians living abroad.
Tailored accounts to save more
UBA Kiddies Account
It’s never too early to get them started, open a kiddies account and enjoy a host of amazing freebies and benefits.
UBA Teens Account
Open a Teens Account today. Let them gain independence, dream big, and grow into financially savvy adults.
UBA Bumper Account
An account that rewards you with exciting prizes for saving a minimum of ₦5,000.
UBA NextGen Account
The UBA NextGen is for undergraduates and NYSC Corps members to build financial independence and lifestyle.
UBA Savings Lite (Tier 1)
Investing your future has never been easier. Take the first step towards managing your money better and enjoy amazing returns when you open a UBA Savings Lite account. This account can be opened with minimal documentation.
Benefits
- Flexible opening balance.
- Unlimited withdrawals.
- Enjoy exclusive offers on our debit cards.
- Earn attractive interest rates.
- Flexible operating balance.
- Bank anytime, anywhere on our digital platforms – USSD *919#, Internet Banking and Mobile App.
Features
- Zero account opening balance.
- Zero account operating balance.
- Issuance of Debit Card.
- Maximum single deposit of ₦50,000.
- Maximum cumulative balance of ₦300,000.
Requirements
- 1 Recent Passport Photograph.
- Biodata – Full name, Phone Number, Date of Birth etc.
- BVN.
UBA Savings Account (Tier 3)
Take the first step towards managing your money better. There is a UBA Savings account suitable for everyone. We’ll make opening an account easy. Just a few simple steps and you’ll be done.
Features
- Third-party cheque deposit (₦2M max).
- Flexible opening balance.
- Third party transactions allowed.
- Unlimited number of withdrawals.
- Withdrawal either by cheque or withdrawal slip.
- Attractive interest rates.
- Flexible operating balance.
- Access to digital banking products & services.
Benefits
- Minimum opening balance – ₦2000.
- Zero account operating balance.
- Lodgment of dividend warrants and cheques.
Requirements
- Duly Completed Account Opening Form.
- A valid ID – International passport, Driver’s license, National Identification Card (NIN) or Permanent Voter’s card (PVC).
- 1 Recent Passport Photograph.
- Utility Bill issued within the last three months.
UBA Target Account
The UBA Target account is a savings account specifically designed for individuals to save towards a project or set goal e.g. children’s education, wedding, further studies, etc.
Enjoy high-yield interest rates as well as the convenience of savings and maximizing your investments whilst having flexible access to your account at any time.
Features
- Minimum Opening Balance: N50,000.
- Minimum Operation Balance: N50,000.
- Deposit of OBCs and Dividend Warrants allowed.
- Debit Card available.
- Free Withdrawal across the counter.
- Interest is forfeited after 4 withdrawals in a month.
- Funds transfer allowed within and outside the bank.
- Online, Mobile Banking, USSD and more are available.
The interest rates have been increased to give you more:
| Savings Band | Old Rate (Per Annum) | New Rate (Per Annum) |
|---|---|---|
| ₦50,000 – ₦99,999 | 2.75% | 4.20% |
| ₦100,000 – ₦4,999,999 | 3.00% | 4.50% |
| ₦5,000,000 – ₦99,999,999.99 | 3.15% | 6.00% |
| ₦100,000,000 – ₦249,999,999.99 | 3.25% | 5.50% |
| ₦250,000,000 and above | 3.50% | 5.50% |
What will you need
- Duly completed Account Opening Form.
- Utility Bill issued within the last three months.
- Minimum Opening Balance ₦‎50,000.
- 1 Recent Passport Photograph.
- A Valid ID (International Passport, Driver’s License, Permanent Voters card, National ID Card/NIMC Slip.
- Parent’s valid ID (National ID/Driver’s License/Permanent Voters card/International Passport.
This is for salary earners, professionals, traders, students, and all other individuals.
For The Self Employed
Are you self employed?
Take the first step towards managing your money better.
Requirements
- A valid means of ID (International passport/Driver’s license/National ID/Voter’s card).
- Passport photograph(for business, one for each of the owners).
- Utility bill (not exceeding 3 months).
- Certificate of Incorporation/Registration/CBN License (for business enterprise).
- Two references from current account holders.
For Employees
Are you self employed?
Take the first step towards managing your money better.
Requirements
- A valid form of ID (International passport/Driver’s license/National ID/Voter’s card)..
- Employee ID (low KYC account opened in the absence of international passport/driver’s license/National ID/voter card).
- Letter of Introduction from employer.
- A passport photograph.
- Utility bill (not necessary if applicant’s company has a UBA account).
Expatriate/Diaspora
Diaspora Banking is a unique banking service designed to meet the banking needs of Nigerians living abroad.
Requirements
- Duly Completed Diaspora Account Opening Form via the Online account opening page.
- A valid means of identification (Valid Nigerian International passport/ Driver’s license/ resident permit/work permit or foreign passport with Nigerian place of birth/country of origin backed with any form of Nigerian ID even if expired.
- Proof of address {Utility bill for the last 2 months or Bank Statement for the last 6 months}.
- Proof of source of funds (recent pay slip/ work ID/ letter of reference from current banker/ business registration documents if self-employed).
- 1 recent Passport photograph {for joint account holders, one recent passport photograph for each signatory).
