Vibrant Microfinance Bank Limited has a rich stable of products and services structured to serve our customers. We aspire to be leaders in all markets we serve as a result of our innovative solutions to business needs as well as our unparalleled tradition of world-class customer service delivery.

Our Liability Products include:

VIBRANT REGULAR SAVINGS

Target Market: This product is meant for all who desire to save for the rainy day.

  • Initial opening amount is N 500.00
  • Contribution frequency could be daily/weekly/monthly
  • Customer determines when to withdraw.

VIBRANT FUTURE TARGET ACCOUNT

Target Market: This product is meant for individuals or groups with future monetary need with large capital outlay like Wedding, Freedom from Apprenticeship, Naming/Birthday etc.

Features:

  • Initial opening amount is N 500.00
  • Contribution frequency could be daily/weekly/monthly
  • Customer determines when to withdraw
  • Interest rate is 4.5%pa

VIBRANT ESUSU ACCOUNT

Target Market: This product is meant for individuals who prefers the traditional savings culture and operates strictly as such. Customer determines the duration at which the account could be run on Daily/Weekly/monthly basis. Customers money is safer in the bank.

 

VIBRANT KIDDIES SAVINGS ACCOUNT

Target Market: This product is meant for more informed parents who wish to save for their kiddies’ future

Features:

  • Account in the kid’s name but operated by a parent until kid attains Ceremonies, Graduation, etc
  • Initial opening amount is N 500.00
  • Contribution frequency could be daily/weekly/monthly
  • Customer determines when to withdraw
  • Interest rate is 4.5%pa

VIBRANT SALARY (SAVINGS) ACCOUNT

Target Market: This product is meant for entities who wish to focus on their Key Result Areas and allow us to handle their staff salary issues using our cutting edge technology.

  • Entity writes introducing their staff.
  • Monthly salary schedules sent to us
  • No initial account opening amount.
  • Minimal processing fee deducted from staff account.
  • Minimum account balance is N300.00
  • Interest rate is 4.5%

VIBRANT FIXED DEPOSIT ACCOUNT

Target Market: This product is meant for individuals and entities who wish to invest their surplus funds at higher rates of interest.

Tenor is 30, 60, 90, 180 days etc. and interest rate is determined by amount and tenor of investment.

Deposit Amount ranges from N 50,000 minimum with no restriction on the maximum amount customer could invest.

Roll-over date to be determined by the majority.

VIBRANT EMPOWERMENT ACCOUNT

Target Market: This product is for individuals, groups, NGOs who desire an appropriate platform to empower individuals, entrepreneurs (men and women) in our communities.

Features:

  • Minimum deposit of N500,000.00
  • Funds may be disbursed to persons or groups nominated by depositor
  • Withdrawal of funds after minimum of two years.
  • Interest rate is 4%pa

VIBRANT CURRENT ACCOUNT

Target Market: This product is meant for individuals and entities who need to pay third parties via cheque.

Features:

  • Initial opening amount is N2,000 for individuals and N5,000 for entities.
  • Minimum account balance is zero COT rate is N3/Mille
  • Cheques are for now, only payable at Our counter.

 

VIBRANT MANDATORY SAVINGS

Target Market: This product is meant for customers who has been granted loans by the bank. It serves as cash collateral/contractual savings and refundable majority.

  • Initial opening amount is N500.00
  • Minimum account balance is N500.00
  • Interest rate is 4%

Features:

  • Minimum savings amount is N100.00
  • Withdrawal to be made after loan is fully liquidated.
  • interest rate is 4%pa

 

Interested in getting credit/Loans from us, check out our credit page.