Access Bank Instant Savings Account

Access Bank Instant Savings Account is available in two variants, both with a minimum opening balance of ₦1,000, a stated annual interest rate of 6.90%, a Verve debit card and no monthly maintenance charge. The first variant allows a maximum single deposit of ₦50,000 and a cumulative balance of ₦300,000. The second sets those limits at ₦100,000 and ₦500,000 respectively. Transactions are limited to Nigeria, and accounts can be opened through a branch, contact centre or website.

Identification requirements differ between the variants: the first does not require separate identification or address verification, while the second requires identification and residence details. The bank lists a passport photograph, account form, BVN, tax identification number and AML assessment among the requirements. The product also provides SMS or email account alerts.