RESORT SAVINGS CORPORATE ACT

The following are products provided by Resort Savings that could hugely benefit the Corporates available in Nigeria. As a corporate here are some options when it comes to funding your needs.

1. RESORT ASSET AND LIQUIDITY JEWEL (REAL JEWEL)

An upfront interest payable account with a minimum tenor of one year.

PRODUCT VARIANTS:

SAPPHIRE: This is the least in the product variant. It is an investment band between N500, 000 and N5, 000,000

EMERALD: This is an upgrade of the sapphire class of investment. It has an investment band of an account greater than N5m and lesser or equal to N25m

RUBY: This is the highest on the band of this investment. It is a range of investment greater than 25m

FEATURES

• The interest is payable upfront.
• The face value is the amount receivable by the customer at maturity
• The minimum tenor is one year
• The instrument is acceptable as collateral for facilities

BENEFITS

• The customer is entitled to free Personal accident insurance cover subject to a maximum of N2m sum assured; this premium payable is borne by the Bank
• Free accidental death benefit of up to N2m

2. FIXED DEPOSIT ACCOUNT

For the customer who wants to save cash for the future on a long term basis and with a good interest rate; this is the best option for such. The Fixed Deposit Account is an account that lets you invest an amount over an agreed tenor and interest, and based on your instructions, can be rolled over or returned to you when the tenor lapses. Investment periods can be between 30 and 360 days.

BENEFITS

• Interest rates competitive enough as obtains elsewhere.
• Access to credit/bridging loan facilities.
• Eligibility for private banking facility.
• Convertible to Equity for Mortgage Loan.

3. RESORT HIGH YIELD ACCOUNT

A COT free account that allows clearing cheques and third party withdrawal.

FEATURES

• Minimum Opening balance of N25,000 (individual)
• Minimum Opening balance of N50,000 (Corporate)
• ATM in all their branches
• Allows 3rd party withdrawal in all RSL branches
• Zero COT
• Account linked to mortgage backed products i.e NHF/RIMPLAN
• Attractive Interest rate

4. RESORT FLEXI-DRAW ACCOUNT

This is a card carrying account designed to cater for the needs of customers; individuals and corporate entities, who carry out transactions requiring receipt and payment of funds. This type of Account aims to create a flexible means of payment while eliminating the stress of carrying large amount of cash to pay for transactions.

FEATURES

• A Minimum Initial deposit of N20, 000.
• Personalized cheque books would be issued to the account holder.
• Concessional COT rate made available for account(s) with monthly turnover of N10, 000 and above.
• Exemption from VAT charges

BENEFITS

• Third party cash withdrawals from all RSL locations.
• Clearing of cheques and Dividend warrants.
• Draft Issuance on the account.
• Access to credit/bridging loan facilities.
• Eligibility for private banking facility.
• Monthly Statement of account available on request.