Nigeria: FCMB premium banking to foster wealth and financial well-being

First City Monument Bank offers a wide range of financial solutions to help Nigerians build and protect their wealth. These include savings, investments, pensions, estate planning (Wills and Trusts), as well as additional benefits like education, travel, advisory services, and diaspora account management.

FCMB’s target and premium savings plans are ideal for professionals and entrepreneurs, laying a solid financial foundation. The wealth and investment management services cater to high-net-worth individuals, safeguarding their assets. Beyond these, the bank offers education, estate planning (wills and trust), travel, and expert advisory services to enhance financial well-being in all life areas, along with account management for its global customers.

Commenting on FCMB Premium Banking offering, the Managing Director of the Bank, Yemisi Edun, said the bank is committed to meeting the needs of its customers.

“We are committed to providing our customers with the right products and services to meet their lifestyle needs. Our premium banking proposition offers various innovative and value-added financial services, including wealth and fund management, diaspora transactions, education, and discounted airfares. These benefits are also available to our customers’ families. We will continue to evolve our offering to ensure that we remain relevant to our customers’ changing needs”.

The FCMB GRO product is a digital savings and investment platform that lets both customers and non-customers earn interest without fees for keeping their money. It comes in four options, including Naira and US Dollar choices. GROMax NGN is an investment plan starting at N1 million with a competitive interest rate. Meanwhile, GROFlex NGN begins at a minimum investment of N100,000, offering competitive interest rates for six months or a year. This plan allows for automated top-ups monthly, semi-annually, or quarterly.

FCMB’s Education Investment Plan (EIP) is another convenient and secure premium banking offering that allows parents or guardians to save for their child’s university education in the USA, UK, South Africa, Ghana, and Nigeria. The product helps parents and guardians build up a lump sum by investing periodically (monthly/quarterly/yearly) into an investment fund, which the Bank will pay out when the plan ends. The initial minimum deposit is between N100,000 and N250,000 for schools in the USA, UK, and South Africa and N50,000 to N100,000 for schools in Nigeria and Ghana.