Main Savings Account

Main Savings Account

This is the primary account offered to the membership for long term savings. These deposits may be used as collateral against borrowings from the Society

Features

  • Account is compulsory for all members
  • Minimum balance is $5
  • Minimum monthly deposit contribution $5
  • Minimum interest earning balance is $100
  • Can be used as collateral for loans
  • Regular savings means you’ll get preferential rates when applying for a loan
  • You can borrow up to three times of the savings