UBA Target Account — review & details

In Savings & fixed deposits · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

A goal-based savings account from UBA, a full-service CBN-licensed commercial bank, built for saving towards a defined target such as school fees or a wedding. Tiered interest rewards larger balances, and interest is forfeited if you dip in more than four times in a month.

UBA Target Account

A goal-based savings account from UBA, a full-service CBN-licensed commercial bank, built for saving towards a defined target such as school fees or a wedding. Tiered interest rewards larger balances, and interest is forfeited if you dip in more than four times in a month.
★★★★☆
3.9/5 · How we rate
No maintenance fee advertised on the product page
Monthly Fee
CBN commercial bank
Licence
NDIC-insured (to ₦5m, commercial bank tier)
Deposit Safety
Disciplined goal saving with branch backup
Best For
traditional
Type
Pros
  • Big-bank safety: commercial-bank NDIC tier plus a nationwide branch network
  • Tiered interest that rises with your balance
  • Full channel access — app, USSD, debit card and counter withdrawals
Cons
  • ₦50,000 minimum opening and operating balance is steep for small savers
  • Interest is forfeited after the fourth withdrawal in a month
  • Advertised rates trail the digital savings apps this account competes with
Fees, eligibility & documents
Fees
Opening balance₦50,000 minimum (also the minimum operating balance)
Excess withdrawalsMore than 4 in a month forfeits that month's interest
Eligibility
  • Open to salary earners, traders, students and other individuals
  • Ability to hold the ₦50,000 minimum balance
Documents needed
  • Completed account-opening form
  • Valid ID (passport, driver's licence, voter's card or national ID)
  • Recent utility bill and passport photograph
Visit UBA

How UBA Target Account compares in savings & fixed deposits

UBA Target Account scores 3.9/5 in our savings & fixed deposits rankings. Our current top pick is Cowrywise (4.3/5). Always compare a few before you decide — see the full savings & fixed deposits comparison.

UBA Target Account
3.9/5 · this page
 Cowrywise
4.3/5
 PiggyVest
4.2/5
Monthly Fee No maintenance fee advertised on the product page — —
Licence CBN commercial bank — —
Deposit Safety NDIC-insured (to ₦5m, commercial bank tier) Not NDIC-insured Not NDIC-insured
Best For Disciplined goal saving with branch backup Mutual funds, naira + dollar, Halal Saving discipline + auto-save
Visit UBA → Visit Cowrywise → Visit PiggyVest →

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Details last checked: July 2026

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