Real Estate Backed Deposit
"Get Return On Investment"
It is a direct investment in specific housing development projects. It gives you an investment return either in cash or houses, depending on your choice.
KEY FEATURES
- Minimum tenor of one (1) year
- Interest rate starts from 15% per annum (negotiable)
- Minimum investment of N50,000,000
- Product for High Net-worth Individuals (HNIs)
KEY BENEFITS
- It is secured by a Real estate asset
CMBank ACCOUNT OPENING REQUIREMENTS
- Duly filled account opening form
- 2 recent colored passport photographs
- Utility bill not less than three months
- Valid means of identification ( Driver’s license, International passport, National ID card, Voters card)
OTHER BENEFITS APPLICABLE TO ALL ACCOUNT TYPES
- 24/7 Banking services via our various E-channels
- Monthly statement via email
- Dividend warrant lodgments are acceptable
- Bank transfer from other banks is permissible
- Know Your Customers (KYC) rules apply
- Cheque lodgment is permissible