Union Bank of Nigeria Plc has announced the launch of UnionAccelerate, a high-interest savings account with zero bank charges for medium-sized firms.
UnionAccelerate is a full-featured innovative banking solution that helps manage the challenges of high overhead costs and restrictive bank deductions experienced by firms across the country, according to a statement by the company.
The Executive Director, Commercial Banking, Union Bank, Kunle Sonola, explained the benefits of the product while reiterating the bank’s strategic approach of creating innovative banking services with a focus on products that truly meet the needs of customers.
Sonola said, “Offering zero account maintenance fee, unlimited withdrawal on all account variants, and one of the highest interest rates compared to any competing product, UnionAccelerate provides an important opportunity for our medium-sized business customers to leverage on and grow their enterprise with adequate support from us.”
“All they need to do is call their Union Bank Relationship Manager or walk into any of our branches nationwide to sign up for the account – it’s that easy.”
UnionAccelerate which focuses on new and existing medium-sized firms offers several features.
Some of these are free initial cheque books, zero account maintenance fee, attractive and competitive interest rate, and unlimited withdrawal on all account variants.
The statement said the launch of UnionAccelerate underscored the lender’s commitment to providing simpler and smarter banking to customers