Put Structure Behind Your Savings

Build your 2026 funds steadily with automatic savings through SRDA (Sterling Recurring Deposit Account)

Start an SRDA
Set a New Goal

Save for your big goals

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New Car

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House Rent

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Travel Plans

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Birthday Celebration

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Emergency Fund

Save and Earn Cash Rewards

Sterling Recurring Deposit Account (SRDA)

Turn your financial dreams to reality with a target savings account that offers competitive interest rates.

Get Started
See FAQS

Earn up to N1,000,000 in Cash Rewards!

Active SRDA customers stand a chance to win cash prizes in our bi-annual draws! To qualify:

Increase your SRDA balance by at least ₦250,000 within 6 months

Save consistently for at least 3 months before the draw

Ensure your account remains active and funded

Terms & Conditions Apply

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Earn up to N1,000,000 in Cash Rewards!

 Active SRDA customers stand a chance to win cash prizes in our bi-annual draws! To qualify:

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Terms & Conditions Apply

Choose your SRDA

SRDA Naira

Designed for individuals that want to save towards a specific financial target in Naira

  • Tenor: 6 months – 5 years
  • Minimum monthly deposit: N5,000
  • Competitive monthly interest rates: 8.95% p.a.
  • Free partial withdrawal once a month (50% forfeiture of interest applies for more than one withdrawal within the same month)
  • Completed account opening form 
  • Once your account is successfully created, complete the online SRDA form here
  • Existing Tier 3 savings or current account.
  • Proceed to open your SRDA , kindly complete the form here.

SRDA FCY

Designed for individuals that want to save towards a specific financial target in Foreign Currency (Dollar, Euro, Pounds)

  • Tenor: 1 – 5 years
  • Minimum monthly deposit: $200, €200, or £200
  • Competitive monthly interest rates:  2% p.a.
  • Free partial withdrawal once a month (50% forfeiture of interest applies for more than one withdrawal)
  • Completed account opening form.
  • Bank Verification Number (BVN) and National Identification Number (NIN)
  • One recent passport photograph
  • Valid Means of Identification
  • Recent Documentary Evidence of Address in Nigeria
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Standing Order Updated

Savings Goal Calculator

Interest Rate Annually: 8.95%

Summary

Estimated Total Interest: ₦0.00

Total Savings + Interest: ₦0.00

Daily Savings to Achieve Set Goal: ₦0.00

Weekly Savings to Achieve Set Goal: ₦0.00

Monthly Savings to Achieve Set Goal: ₦0.00

Interest Rate Annually: 8.25%

Interest Summary

Estimated Total Interest: ₦0.00

Daily Savings to Goal: ₦0.00

Weekly Savings to Goal: ₦0.00

Monthly Savings to Goal: ₦0.00

Put Structure Behind Your Savings

Build your 2026 funds steadily with automatic savings through SRDA.

Start My Savings Plan

Get Started

Account Information

Personal Information

Next of Kin Information

SRDA Funding Details

If yes, please provide the following details below:

Terms and Conditions

By opening a Sterling Recurring Deposit Account (SRDA) with Sterling Bank Ltd, you agree to the following:

  1. Account Information & Agreement
    • You confirm all provided information is accurate.
    • You agree to follow all terms and conditions governing your primary account and this SRDA, and any amendments thereto.
  2. SRDA Account Features & Responsibilities
    • Free partial withdrawal once a month (50% forfeiture of interest applies for more than one withdrawal within the same month).
    • Current interest rates are reflective of the monetary policy decisions of the Central Bank of Nigeria (CBN). The bank may alter
      the applicable rates subject to the prevailing economic policies.
    • It is your responsibility to provide and maintain the necessary funds for the execution of your standing order instructions.

Declaration


I/We hereby request for the opening of an additional account(s) with Sterling Bank Ltd. I/We understand that the information given herein, and the document supplied are the basis for opening such account(s) and therefore warrant that such information is correct.

I/We have read the terms and conditions governing the operations of the account(s) which are presented and agreed to be bound by them.

FAQ

Frequently Asked Questions