Connect with us

News

Introducing UnionFuture from Union Bank | A Saving Solution for Non-Payroll Customers

BellaNaija.com

Published

 on

UnionFuture

The product, aptly named UnionFuture, allows you to save for the future. Union Bank is a financial institution that cares and understands the importance of being able to cater for all your needs even after active service.

Here are seven things you need to know about UnionFuture:

  1. UnionFuture is a savings account that allows you to save, prepare and secure your future.
  2. A high number of Nigerians do not have any money set aside for life after active service, hence UnionFuture addresses this problem so as to ensure that you lead a comfortable and happy life when you stop active service or work.
  3. UnionFuture is aimed at providing an opportunity for self-employed individuals and others in the informal sector (traders, businessmen, farmers, small business owners, etc.) to save for the future by putting away a small amount of money monthly.
  4. To open a UnionFuture savings account, all you need to do is open any Union Bank account with a minimum of N2,000. The UnionFuture account will be created and linked to the Union Bank account and the Bank will move N2,000 from your Union Bank account to your UnionFuture savings account.
  5. Monthly, the bank will withdraw N2,000 from your Union Bank account and deposit into your UnionFuture Savings account. However, you can also decide the tenor and amount you would like to save for.
  6. What’s more, you get a whopping 7% interest on your UnionFuture savings account monthly for the specified period you opted for.
  7. Union Bank will provide insurance cover of N100,000 when you save up to N100,000 in your UnionFuture account. The insurance covers death benefit, permanent disability and 10% sum assured for funeral expenses, thus providing additional value to you.

____________________________________________________________________
Sponsored Content

14 Comments

  1. SY

    October 12, 2016 at 11:22 am

    Hmm…

  2. E

    October 12, 2016 at 11:59 am

    This is nice. We really need to save for the future.

  3. Aparazi

    November 10, 2016 at 3:26 pm

    Welldone Union Bank

  4. Vanessa

    December 25, 2017 at 11:25 am

    pls how do I close the union future account

    3
  5. Mgbemene Sylvia

    February 24, 2018 at 7:36 am

    Please can I get my money back after a year.

    5
  6. Ola-Aje Mufutau

    July 2, 2018 at 12:16 pm

    Can we save above 2000 Naira monthly or can we make personal contributions through mobile transfer from different account?

    2
  7. Ola-Aje Mufutau

    July 2, 2018 at 12:18 pm

    Can we save above 2000 Naira monthly or can we make personal contributions through mobile transfer from different
    bank account?

    1
  8. CHUKWUANU SUNDAY A.

    August 26, 2018 at 8:02 am

    Please can i get my money back after a year? And, can i close the future account without closing my savings account?

    9
  9. CHUKWUANU SUNDAY

    August 26, 2018 at 9:24 pm

    Please can i get my money back after a year? And, can i close the future account without closing my savings account?

  10. Atagha ufuoma peace

    October 29, 2018 at 12:27 pm

    Can’t i receive an alert from my union future account??

  11. Iorakpen Sylvester

    June 27, 2019 at 1:14 pm

    If I skip a month without any depositing
    In my future account what we happen?

    3
  12. Benjamin felix

    April 22, 2020 at 6:43 am

    The problem with it is that the interest charge for taking out Union future is too much and they add little interest,like when i like when I take 36k from my union future they start charging me 2k interest in a month

    • Johnpaul

      May 7, 2020 at 12:35 pm

      Wait please do you mean that once you take money from your union bank future savings account ,they will start charging you 2000 niara every month

  13. Amy Cyndy

    May 23, 2020 at 11:48 am

    That is what happens, I took 40,000 from my union future, they have to called it a loan, charged me interest of 1,000, deducted 400 naira they called management fee, n #30 vat. 1,430 of my account because I withdrew my saving, I wonder how much interest I have gain since the savings. I think d only gain anything s the insurance at the end of agreement, if u tamper it before the agreed period, you loose. I want to close my union future account as it stands. I was not informed properly before o ventured into it.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Star Features

Advertisement
css.php