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Business Savings

Put the float somewhere it earns.

Money set aside for stock, rent or tax, earning 12% a year and available the day you need it.

Open a business accountSee all rates

12%a year, and you can still reach it

12%
a year
₦5,000
to start
Same day
to withdraw
10
separate pots

Work it out

See exactly what you will get back

After tax, not before it. Change the amount or the term and the figure moves with you.

Millions

Two million naira

For how long?

What you get back

₦2,216,000

after 12 months, at 12% a year

Amount you save
₦2,000,000
Interest earned
₦240,000
Withholding tax at 10%
-₦24,000

Simple interest at 12% a year on your daily balance, less the 10% withholding tax the law requires us to deduct on interest.

Start this plan

Saving ₦2,000,000 in Business Savings for 12 months earns ₦216,000 after tax, giving ₦2,216,000 back.

How it works

How Business Savings works

Four steps at the most, and none of them involves a branch.

  1. 1

    Split the money by what it is for

    Rent, tax, restock, salaries — up to ten pots, each named, so you stop spending the tax money by accident.

  2. 2

    Sweep the till automatically

    Move a fixed amount or a percentage of takings into a pot at the close of every trading day.

  3. 3

    It is still your money

    Withdraw from any pot the same day, with no notice and no penalty.

In the app

This is Business Savings, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

Get the appOpen a business account

Okafor Textiles

Business balance
₦4,820,000

+₦640,000 this month

₦2.1m
Restock pot
₦860k
Tax pot

Takings, last 12 weeks

Today

Ariaria supplierTransfer · today-₦1,400,000
Till sweepAuto-save · today-₦120,000

What you need

  • Your CAC certificate, or your business name registration.
  • The BVN and ID of every signatory.
  • A photo of the shop, stall or workspace.
  • Two months of trading records — a notebook photographed is accepted.

Every deposit with us is insured by the NDIC. You do not apply for that cover and you are not charged for it.

Open a business account

Rates and limits

Interest
Daily accrual, paid monthly
12% p.a.
Minimum to open
₦5,000
Pots
Up to 10
Withholding tax on interest
Statutory. Deducted before payment
10%

What it costs

Opening and running the pots
Free
First eight withdrawals each month
Free
Ninth withdrawal onwards
Per withdrawal, in the same month
₦50

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

It is insured. CitadeleCapitals is licensed by the Central Bank of Nigeria and every deposit is covered by the Nigeria Deposit Insurance Corporation, up to the NDIC limit for microfinance banks. The cover is automatic — you do not apply for it and you are not charged for it.

Directly. A Working Capital Loan is priced off what we can see of the business, and a savings record is the clearest evidence there is. Three months of steady balances typically moves the rate you are offered.

People also look at

Business Account

Keep the shop money out of your personal account.

10%a year, on your trading balance

Learn more about Business Account

Working Capital Loan

Buy stock now and repay as you sell.

From 4%a month, repaid daily or weekly

Learn more about Working Capital Loan

Fixed Savings

Lock an amount for a term you choose and earn the most we pay.

Up to 22%a year, on a 365-day term

Learn more about Fixed Savings

Licensed by the CBN · Deposits insured by NDIC

Open Business Savings in five minutes, on your phone.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

Open a business accountTalk to someone first