Republic Bank 55 Plus Account

• This product targets all Ghanaians above the age of 55 years


• Account to provide competitive and hassle free savings options post retirement.


• To finance short term needs on account holders (unsecured loans of up to GH¢5,000 tied to their monthly pension income)

Eligibility Requirements

• Applicant must meet minimum monthly pension income (currently GH¢296)

Key Product Features – 55 Plus

• Account is interest bearing


• Account holders to be issued cheque books


• Initial account opening amount of GH¢ 50.00


• No minimum operating balance


• No COT


• Tiered interest rate max of 8% applied on minimum monthly balance but applied quarterly.


• Minimum monthly balance of GHS1,000 must be held to earn interest


• Free Republic Bank ATM Card


• Free 24/7 access to FastNet services


• Free admission to all Republic Bank co-sponsored programs


• Free cheque book request


• Free standing orders / transfers(internal)


• Priority service at any Republic Bank banking hall or service center

TIERED INTEREST RATE-55 PLUS

• Tiered Interest Rate, maximum of 8% p.a.