Federal Government of Nigeria stamp duty charge

The Stanbic MaxYield Account is an excellent option for individuals who are looking for a reliable and secure way to grow their savings while earning competitive interest rates. With this account, you can enjoy the benefits of a high-yield savings account, designed to help you earn more money on your savings over time.

One of the unique features of the Stanbic MaxYield Account is its flexibility. You can make partial withdrawals from your account in case of emergencies, while still enjoying the benefits of a high-yield savings account. This means that you can maintain liquidity and accessibility to your funds while still earning interest on your savings.

Stanbic MaxYield Account

One added advantage of the Stanbic MaxYield Account is that it is tailored to meet the needs of individuals who want to maximize the returns on their savings over time. With competitive interest rates and no monthly maintenance fees, this account offers a reliable way to grow your savings and reach your financial goals. The Stanbic MaxYield Account is a great choice for those who want to save money and earn interest on their savings. With its flexible features, competitive interest rates, and tailored approach, it is a reliable and secure option that can help you achieve your financial objectives.

Stanbic Max Yield Account Benefits

Stanbic Max Yield Account has some benefits. Here are some of the benefits.

Options: You get access to optional withdrawals

Bonus: You get up to 0.5% bonus interest on your savings

Mobility: The app is downloadable, so you do not need to go into a branch

Flexibility: You can pay in cheques; dividend warrants and 3rd party withdrawals

What Does it Cost to Open a Stanbic Max Yield Account

The cost of opening a Stanbic Max Yield Account is outlined below.

Minimum account opening balance of N10 000.
Federal Government of Nigeria stamp duty charge of N50 on all transactions above N10,000.
SMS Charge will be charged by the Telecommunication network

What do you Receive Open a Stanbic Max Yield Account

Are you wondering what you will get when you open a Stanbic Max Yield Account? You can check below to see what you get.

Third-party deposits and withdrawals by cheques into your Max Yield account (Maximum deposit of N2 million and non-clearing 3rd party cheque withdrawals)
Access to cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
You get to make payments on the Web and through POS with your debit MasterCard
You have access to all E-Banking channels
Ability to set up direct debits or standing orders for regular bill payments
You receive bonus interest of 0.5% plus 10% of MPR per annum if your daily balance is more than N100,000.
You receive Interest of 10% of MPR per annum if the balance is less than N100,000 or more than 1 withdrawal per month.
Interest is forfeited at the 5th withdrawal in a month. Interest is paid monthly less a 10% withholding tax.

How to Open a Stanbic Max Yield Account

If you have another Stanbic IBTC Bank account already, you can instruct the bank to open this account for you. However, you will need the following.

An application form.
Two recent passport photographs of each signatory to the account
Signatory’s valid ID (Driver’ license, international passport, National ID or voter’ Card).
BVN of all Signatories

Conclusion

The Stanbic MaxYield Account is a great choice for people who want to save more and earn better interest rates. It offers predictable returns, easy access to funds, and flexible terms for deposits. Whether you’re saving for the future or building up your savings, this account provides a straightforward way to reach your financial goals with confidence.

Tag: Federal Government of Nigeria stamp duty charge

Stanbic MaxYield Account – How to Open a Stanbic Max Yield Account