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Want to save or invest in dollars? Or Naira? Looking for that savings and investment platform that earns you interest and would not charge you for keeping your money? With our GRO suites, whether you opt for the savings or investment, naira or dollar, every fund in your account must earn an extra income for you.
GROMax
This is an investment plan with a minimum amount of N1,000,000 at an interest rate of 18% for 365 days.
- Log in to your mobile app.
- Click on investments and select Gro
- Select Investments and click on GROMax
- Name your investment and input amount to invest
- Select funding account to be debited
- Check the interest and tenor boxes
- Choose the account you want your investment to be paid into at maturity.
- A summary page comes up with information about investment including principal, tenure, interest rate, expected interest to be accrued at maturity and maturity date.
- Once fine with the summary, click and accept the terms and conditions to start investment.
- Input your transaction pin and select OTP or token as your means of verification
- Input code and let your money start GROwing
GROFlex
This is an investment plan with a minimum of N100,000 at an interest rate of 18% at either 182 or 365 days
This plan allows for automated periodic top-ups.
- Log in to your mobile app.
- Click on investments and select Gro
- Select Investments and click on GROFlex
- Name your investment and input amount to invest
- Select funding account to be debited
- Choose your periodic top-up type and value
- Select your preferred tenor from the drop-down box
- Choose the account you want your investment to be paid into at maturity.
- A summary page comes up with information about investment including principal, tenure, interest rate, expected interest to be accrued at maturity and maturity date.
- Once fine with the summary, click and accept the terms and conditions to start investment.
- Input your transaction pin and select OTP or token as your means of verification
- Input code and let your money start GROwing
This feature is only available for FCMB Dollar Domiciliary account holders only.
GROMax
This is an investment plan with a minimum amount of $5000 at an interest rate of 6% for 365 days.
- Log in to your mobile app.
- Click on investments and select Gro
- Toggle to USD
- Select Investments and click on GROMax
- Name your investment and input amount to invest
- Select dollar funding account to be debited
- Check the interest and tenor boxes
- Choose the dollar account you want your investment to be paid into at maturity.
- A summary page comes up with information about investment including principal, tenure, interest rate, expected interest to be accrued at maturity and maturity date.
- Once fine with the summary, click and accept the terms and conditions to start investment.
- Input your transaction pin and select OTP or token as your means of verification
- Input code and let your money start GROwing
GROFlex
This is an investment plan with a minimum of $1000 at an interest rate of 3.5% at either 182 or 365 days
This plan allows for automated periodic top-ups. With the minimum top-up value set at $100
- Log in to your mobile app.
- Click on investments and select Gro
- Toggle to USD
- Select Investments and click on GROFlex
- Name your investment and input amount to invest
- Select dollar funding account to be debited
- Check the interest and tenor boxes
- Choose the dollar account you want your investment to be paid into at maturity.
- A summary page comes up with information about investment including principal, tenure, interest rate, expected interest to be accrued at maturity and maturity date.
- Once fine with the summary, click and accept the terms and conditions to start investment.
- Input your transaction pin and select OTP or token as your means of verification
- Input code and let your money start GROwing
No, you do not. You can automate your savings and investment using your card.
Our dashboard is designed with this objective in mind. You can monitor the progress on your goal savings and interest on daily basis on our easy-to-understand dashboard.
Yes, you can. However, you will be charged 80% on your accrued interest if you liquidate before end date on a plan.
No, part liquidation is not allowed on the platform.
- Access active investments on GRO dashboard
- Select preferred investment to be liquidated
- Your investment details with highlighted liquidate investment button is displayed
- Accept the displayed terms and conditions.
- Liquidation is processed and funds credited to your account
There is no minimum/maximum amount you can liquidate from your goal savings available balance. Liquidation is total.
No, you do not. You can start and automate your savings and investments on the mobile app.
No, partial liquidation is not allowed on the platform.
Liquidation is self-service. Log in to your mobile app, select the investment you wish to liquidate, select "liquidate", accept the terms of liquidation, and submit. Your account will be credited immediately.
- Maturity value is subject to withholding tax of 10% of accrued interest in line with the federal Government withholding tax act.
- Premature termination of your investment before maturing will attract a charge of 80.0% of the accrued interest. which will be deducted from the maturity value.
- Minimum tenor is 30 days
Kindly note, these terms and conditions will remain binding. If you require further clarification, please feel free to send an email to customerservice@fcmb.com or call our contact centre representatives on 012798800 or 07003290000