The Super Savings Account at Commerce & Mortgage Bank is tailored for individuals and businesses who want to grow their savings with added flexibility and interest benefits.
Features
Minimum opening balance: SLE 250
Minimum operating balance: SLE 100
Withdrawals by third party allowed through cheque presented over the counter
Super Savings cheques cannot be presented for clearing
Acceptance of cheque lodgment
Interest at the normal savings rate (3%)
More than three withdrawals per month automatically invalidate monthly interest
Target Market
The Super Savings Account is ideal for:
Low- and middle-income households
Individuals with structured employment
Small business outfits and private establishments
High net-worth individuals
Documentation Required
To open a Super Savings Account, please provide:
Valid National ID
Two passport-sized photographs
One reference letter from any current account holder (enterprise, corporate, or individual corporate account)
Recent utility bill (not exceeding 3 months old)
Residential permit (for non-Sierra Leoneans)
ECOWAS ID or International Passport
