Bank launches zero-cost, high interest account for SMEs

Committed to providing simpler and smarter banking to customers, Union Bank Nigeria Plc. has announced the launch of UnionAccelerate, a high-interest savings account with zero bank charges for medium-sized businesses.

The new product form the bank is a full-featured innovative banking solution that helps manage the challenges of high overhead costs and restrictive bank deductions experienced by businesses across the country.

Speaking about the product, Executive Director, Commercial Banking, Kunle Sonola, explained its benefits while reiterating the bank’s strategic approach of creating innovative banking services with a focus on products that truly meet the needs of customers.

According to him, the new innovation, which focuses on new and existing medium-sized businesses offers several features including, free initial cheque books, zero account maintenance fee, attractive and competitive interest rate, unlimited withdrawal on all account variants, pay in and issue all clearing instruments including cheques, dividend warrants and other mouth-watering benefits.