About High Interest Deposit Account

HIDA is a special deposit account designed for you to save for a project or keep away some funds for a rainy day while fully maximizing credit interest earned on your savings. You can enjoy tiered interest rates; meaning the larger the balance, the higher the interest earned. Interest earned per annum accrues daily on available credit balance and is payable monthly.

Requirements for savings

• Minimum Opening Balance - N100,000
• National ID Card
• Address verification: (Any of these)
• National Identity Management Commission (NIMC) Card
• Voters' ID Card
• Personal Identification (Any of these):
• Current National Passport
• Minimum Operating Balance- N500
• Resident Permit (for foreign nationals only)
• Utility bill (PHCN, NITEL, etc.)
• Driver's License
• One passport photograph

States Covered