MaxYield Account

Accelerate your savings with the option of partial withdrawals for emergencies along the way

N 0

Minimum Balance

N 50

Stamp duty

N10 000

Opening deposit

Max Yield Account Benefits

Download the app. No need to go into a branch

Optional withdrawals

Pay in cheques and dividend warrants and 3rd party withdrawals

Up to 0.5% bonus interest to your savings

Download the app. No need to go into a branch

Optional withdrawals

Pay in cheques and dividend warrants and 3rd party withdrawals

Up to 0.5% bonus interest to your savings

How to get it

If you already have another Stanbic IBTC Bank account, you can instruct the bank to open this account for you

Application form.
Two recent passport photographs of each signatory to the account
Signatory’s valid ID (Drivers’ license, International passport, National ID or Voters’ Card).*
BVN of all Signatories

What it costs

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

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)
Cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
Make payments on the Web and via POS with your debit MasterCard
Access to all E-Banking channels
Set up direct debits or standing orders for regular bill payments
Bonus interest of 0.5% plus 10% of MPR per annum if daily balance is more than N100,000.
Interest of 10% of MPR per annum if 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 10% withholding tax.

If you already have another Stanbic IBTC Bank account, you can instruct the bank to open this account for you

Application form.
Two recent passport photographs of each signatory to the account
Signatory’s valid ID (Drivers’ license, International passport, National ID or Voters’ Card).*
BVN of all Signatories

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

Third party deposits and withdrawals by cheques into your Max Yield account (Maximum deposit of N2 million and non-clearing 3rd party cheque withdrawals)
Cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
Make payments on the Web and via POS with your debit MasterCard
Access to all E-Banking channels
Set up direct debits or standing orders for regular bill payments
Bonus interest of 0.5% plus 10% of MPR per annum if daily balance is more than N100,000.
Interest of 10% of MPR per annum if 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 10% withholding tax.