Saving money is easier said than done. Between unplanned expenses, the “let me just spoil myself small” moments, and the rising cost of almost everything, putting money aside consistently can feel like a battle. But here’s the thing: saving doesn’t have to be boring or confusing. In fact, with the Sterling Recurring Deposit Account (SRDA), it can actually be rewarding. Literally.
First things first, what is SRDA?
Think of SRDA as a “target savings account.” Instead of just dumping money in a regular account and hoping you don’t spend it, SRDA helps you save for a specific goal: whether it’s buying your dream car, funding school fees, planning that big wedding, or building your rainy-day fund.
Here’s the interesting part: while you’re saving, your money also earns competitive interest. And if you stay consistent, you could even win up to N1,000,000 cash rewards in our bi-annual draws. Not bad for just being disciplined, right?
How do you qualify for the cash rewards?
The rules are pretty straightforward:
Increase your SRDA balance by at least N250,000 within 6 months
Save consistently for at least 3 months before the draw
Keep your account active and funded
Do this, and you’re in the running to walk away with some serious cash prizes.
SRDA comes in two flavours
SRDA gives you options depending on your taste:
1. SRDA Naira (for everyday savings in Naira)
Tenor: 6 months/5 years (you decide how long you want to save)
Minimum monthly deposit: N5,000
Interest rate: 8.25% per annum (better than most regular accounts)
Withdrawal option: One free partial withdrawal per month. If you withdraw more than once in the same month, you’ll lose 50% of the interest for that month.
2. SRDA FX (for those who want to save in Dollars, Pounds, or Euros)
Tenor: 1/5 years
Minimum monthly deposit: $200, €200, or £200
Interest rate: 2% per annum
Withdrawal option: Same as SRDA Naira, one free withdrawal per month, but if you go beyond that, you lose 50% of that month’s interest.
Why choose SRDA?
It’s simple:
It forces you to stay disciplined with your savings.
You earn interest on your money (so your savings grow).
You could win up to N1,000,000 just for being consistent.
With SRDA, saving isn’t just about stashing money; it’s about building towards your goals with a little extra motivation.
Final thoughts
Your financial dreams won’t come true just because you wish for them. They need discipline, structure, and sometimes, a little push. That’s exactly what the Sterling Recurring Deposit Account gives you. So, whether your goal is in Naira, Dollars, Pounds, or Euros, SRDA makes sure you don’t just save; you save smart, and maybe even win big while at it.
So, ready to start?
Signup Here!
Your future self will thank you.
