By Cynthia Alo

First City Monument Bank (FCMB) has designed a comprehensive suite of financial solutions to assist Nigerians in their wealth-building journey.

A statement from the bank said the exclusive offerings cover the entire wealth creation process from accumulation to preservation, including target and premium savings, wealth and investment management, pensions, and estate planning (Wills and Trusts). Other value-adds are education, travel, advisory services, and diaspora account management.

The target and premium savings plans recommended for upwardly mobile professionals and entrepreneurs provide a strong foundation for financial growth, while wealth and investment management services will help high-net-worth individuals build and protect their assets for the future.

In addition to these core services, the Bank provides education, estate planning (wills and trust), travel, and specialized advisory services to ensure financial well-being in all aspects of life and account management for its global customers.

Commenting on these services the Managing Director of the Bank, Mrs. Yemisi Edun, said:  “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”.

The products and services offered by the Bank in this segment are the FCMB Gro Suite, I-Nest, Education Investment Plan (EIP), Platinum Mastercard and FCMB e-Wills. They are available on the Bank’s various digital channels, including the FCMB Mobile App, and are structured to meet customers’ unique needs.

The FCMB  GRO product is a digital savings and investment platform that allows customers and non-customers to earn interest without charging them for keeping their money. It comes in four variants, offering Naira and US Dollar investment options. The GROMax NGN is an investment plan with a minimum amount of N1 million at a competitive interest rate. At the same time, GROFlex NGN requires a minimum investment of N100,000 at a competitive interest rate for six months or yearly. This plan allows for automated top-ups either monthly, semi-annually, or quarterly.

Likewise, GROMax Dollar is an investment plan with a minimum amount of $5,000, while the GROFlex Dollar allows customers and non-customers to invest a minimum of $2,000 and yields a competitive interest rate at either six months or 365 days. Customers can conveniently access the Gro suite through the FCMB web platform or Mobile App by downloading the App, navigating to the investments feature and clicking Gro to proceed to any investments or savings plans to start a transaction.

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.