Republic Bank 55 Plus Account

  • This product targets all Ghanaians above the age of 55 years
  • Account to provide competitive and hassle free savings options post retirement.
  • To finance short term needs on account holders (unsecured loans of up to GH¢5,000 tied to their monthly pension income)

Eligibility Requirements

  • Applicant must meet minimum monthly pension income (currently GH¢296)

Key Product Features – 55 Plus

  • Account is interest bearing
  • Account holders to be issued cheque books
  • Initial account opening amount of GH¢ 50.00
  • No minimum operating balance
  • No COT
  • Tiered interest rate to be applied on minimum monthly balance but applied quarterly.
  • Minimum monthly balance of GHS1,000 must be held to earn interest
  • Free Republic Bank ATM Card
  • Free 24/7 access to FastNet services
  • Free admission to all Republic Bank co-sponsored programs
  • Free cheque book request
  • Free standing orders / transfers(internal)
  • Priority service at any Republic Bank banking hall or service center