One of the common identifiers at the various banks in Ghana is the various savings accounts. Today’s guide will consider the Consolidated Bank Ghana savings account, particularly the CBG classic Savings account.
Whatever your question regarding the CBG classic Savings account, this guide will do the best possible justification for it.
Savings is one financial pillar that the average Ghanaian cannot do away with.
Each day most people look out for various ways to put away some money against the rainy day.
If you are a Consolidated Bank Ghana customer, there is a piece of good news for you.
You can register for a classic account as low as GHS 50.00 and earn interest.
The CBG classic account is available at all their banking halls in Ghana.
It is open to everyone except minors (people below 18years). It offers you competitive interest at flexible rates.
There is a limit to the number of withdrawals made with the Consolidated Bank classic Savings account. Unlike the CBG current accounts, the savings account is not open to withdrawal transactions anytime.
Its holders have access to ATM debit cards and Experience bundles. Also, there is no monthly maintenance fee charged.
The classic Savings account offers you flexible conditions and banking benefits.
Table of Contents
What Is a CBG Classic Savings Account
A CBG savings account is a unique savings account that offers everyone the chance to save funds for future needs, irrespective of their financial resources. It allows customers to grow interested in their money over some time.
Requirements To Open Classic Savings Account
The following are what you need to open a classic account at CBG bank:
- One passport-sized photograph
- Tax Identification Number (TIN)
- Ghana Post GPS Address
- A valid national ID
- Proof of residence
- Minimum Opening Balance
- Fully completed account opening form
- Requisite permit for foreign nationals
How Much Do I Need To Open a CBG Classic Savings Account
To open a CBG classic account, you need an initial amount of GHS50.00. You get a Classic Savings account to your name and start earning interest on it with this amount.
Is There Withdrawal Limit For Classic Account
Yes, the Consolidated Bank Classic Savings account comes with a withdrawal limit. Its holders are not expected to withdraw and lessen their account balance below GHS20.00.
What Is the Interest Rate On Classic Account?
Tiers Interest Rate
100-2,000 0.50%
>2,000-10,000 1.00%
>10,000-50,000 1.50%
>50,000-100,000 2.00%
>100,000-300,000 3.00%
>300,000-500,000 4.00%
>500,000 5.00%
Is There a Monthly Charge on a Consolidated Bank Classic Account?
No, there is no monthly fee paid in the Consolidated Bank classic Savings account. This is part of the various benefits that those who purchase this account type are privy to.
This is all we have for you on the CBG Classic savings account.
Check the recommended Consolidated Bank guides below:
Flex Plus, App, Savings Account, Priority Black, Classic Current, Loans, Link Ghana Card, Address, Closing Time, Working Days, Careers, Recruitment, SWIFT Code, Fixed Deposit Rate, Headquarters, Working Hours, Mobile Banking, Bank Statement, Customer Care, Priority Current, Mane Me Account, Yolo, Toll-Free Number, Contact, Which Bank Is CBG, Reset Password, PIN Code, Check Balance, Transfer Money, Give Loan.
