About Jaiz Premium Savings Account

Jaiz Bank's JAPSA Term Deposit is an innovative product designed specially to meet your investment needs. Our Term Deposit offers you the option of higher profit rates at tenures which suit your needs. Account holders are considered as investors while the bank acts as the fund manager and invests the depositors’ monies into financially-profitable, socially-desirable and commercially-viable business ventures which are legal and Shariah compliant. Gross profit made from the investment is distributed at the end of every tenure based on a pre-agreed profit sharing ratio.

Requirements for savings

• Two recent passport photograph
• Public utility receipt dated within the last three months (PHCN bill, water rate bill, tenement rate, rent receipt, telephone bill etc.)
• Account opening form duly completed
• A letter (duly signed by the account signatory(ies)) requesting the creation of JAPSA for a specific tenure."
• Birth certificate
• Valid means of identification (International Passport, Driver's license, National Identity Management Commission (NIMC) Card, Voter's card)
• Bank Verification Number (BVN)

States Covered