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

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