Services

Fixed Deposit

It is a product designed for individuals and institutions whereby a fixed amount is locked for a specified period of time.

  • Minimum deposit of GHS200.00
  • Fixed investment period of 3 months and over
  • Varying interest rates for the amount and period placed
  • Disinvestment is allowed
  • Roll over option
  • Applicant must complete ARB’s Fixed deposit application form
  • He/she must submit a valid National identification card (Voters ID, National ID, Passport or Driver’s licence)
  • Wealth accumulation
  • Can be used to secure a loan facility or overdraft
  • Wealth creation

Fixed Deposit Plus

This product designed for individuals and institutions whereby a fixed amount is locked for a specified period of time.

  • Minimum deposit of GHS500.00
  • Fixed investment period of 3 months and over
  • Varying interest rates for the amount and period placed
  • Disinvestment is not allowed
  • Applicant must complete ARB’s Fixed deposit application form
  • He/she must submit a valid National identification card (Voters ID, National ID, Passport or Driver’s licence)
  • Wealth accumulation
  • Can be used to secure a loan facility or overdraft
  • Wealth creation

Akuplus

This product designed for individuals and institutions whereby a fixed amount is locked for a specified period of time.

  • Minimum deposit of GHS5,000.00
  • Fixed investment period of 6 months
  • Attractive and negotiable interest rate
  • Purchase in multiples of GHS1,000.00
  • Applicant must complete ARB’s Fixed deposit application form
  • He/she must submit a valid National identification card (Voters ID, National ID, Passport or Driver’s licence)
  • Wealth accumulation
  • Can be used to secure a loan facility or overdraft
  • Wealth creation

Medoba Account

This is an investment account that allows parents to save towards their ward’s education up to tertiary level for a maximum of 18 years.

  • Initial deposit of GHS20.00
  • Minimum monthly contributions of GHS5.00
  • Interest rate of existing savings account rate plus 2%
  • Standing orders can be set up to facilitate contributions
  • Can be used as collateral for loan/overdraft
  • School fees can be paid on behalf of the customer
  • Completion of ARB’s Medoba account opening form
  • Provision of valid national identification by the parent/ guardian of the child (Voters ID, National ID, passport or Driver’s licence)
  • Provision of two passport size photograph of parent/ guardian and one passport size photograph of the child
  • Provision of child birth certificate (optional)
  • Wealth accumulation – interest is earned on deposit
  • Can be used to secure a facility which gives access to more money without disrupting the investment.
  • Financial security – a secured fund is built to ensure child’s education even in the case of untimely death.
  • Convenience – standing orders to facilitate easy payment of monthly contributions.

Shares

This is a long term investment vehicle accessible by individuals and institutions and available to both customers and non-customers

  • Purchased in multiples of 1,000.00
  • Minimum amount of GHS50.00
  • Price per share is GHS0.05p
  • Completion of ARB’s shares application form
  • Valid national Identification (Voters ID, National ID, Driver’s licence or passport)
  • Attractive dividend
  • Full participation in the affairs of the Bank during AGMs
  • Creates the avenue for one to serve on the Board of the bank as a Director
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Akusika Account

It is a susu account designed for all self-employed persons aged eighteen (18) years and above who earn regular income.

  • A minimum daily savings of GHS1.00 daily.
  • Savings cycle of one (1) month
  • Maintain savings in account for a minimum period of three (3) months to qualify for loan facility
  • Complete ARB’s savings account opening form
  • Valid national Identification (Voters ID, National ID, Driver’s licence or passport)
  • Two passport sized photograph of applicant
  • Utility bill (if any)
  • Service at your door step
  • Safe and convenient
  • Qualifies one to earn interest on savings at the bank’s prevailing savings account rate

Microfinance Credit with Education

Microfinance is the provision of financial and non-financial services to the rural active poor.

  • Accessible by women in the community
  • Education and women empowerment
  • Training programmes
  • Weekly savings
  • The maximum loan cycle period of every group is four (4).
  • Must be a woman
  • Must be engaged in a business activity
  • Must be a resident in the community/town.
  • Must be self-employed at least 18 years but not more than 60 years.
  • Allows easy savings
  • Clients have easy access to loans
  • Services at their door step
  • Clients acquire knowledge and are empowered through the non -financial services

Savings Account

This is an interest bearing account which allows individuals and institutions to save towards unforeseen events.

  • Initial deposit of GHS20.00
  • Earn higher interest as your deposits grow
  • Standing orders
  • Complete ARB’s savings account booklet
  • Provide valid national identification (Voters ID, National ID, Driver’s licence or passport)
  • Provide two passport sized photographs
  • Utility bill (if any)
  • Wealth accumulation
  • Convenience – allows for standing orders
  • Provides safety for your money

Current Account

It is a non- interest bearing account for individuals, salaried workers and institutions.

  • Initial deposit of GHS10.00
  • Zero minimum balance
  • Personalized cheque book
  • Monthly/quarterly statement
  • Standing Orders allowed
  • Access to loans/overdraft facilities
  • Complete ARB’s current account opening booklet
  • Provide valid national identification (Voters ID, National ID, Driver’s licence or passport)
  • Provide two passport sized photographs
  • Utility bill (if any)
  • A referral letter from either employer (in the case of salaried worker) or an existing current account holder of ARB
  • Protects wealth and controls payments
  • Provides convenience in managing day-to-day transactions