This product comes in to help members make savings towards achieving that certain target or dream with less stress and hustle. This product works with the same principle of fixed deposit account and helps members to put aside money for a specific period. This account has three categories.

Features

• Short Term Account: This account is for a minimum period of 1year up to 2 years and earns an interest of 8% PA, and the interest compounding itself annually until the expiry period.
• Medium Term Account: This account is for a minimum 3 years up to 5 years. This account earns an interest of 10% PA, and the interest compounding itself annually until the expiry period.
• Long Term Account: This account will be held from 6 years to an indefinite maximum period depending on how long one would like to have money on this account. This account earns an interest of 12% PA, and the interest compounding itself annually until the expiry period.
• NOTE: Where the account is terminated before the period of maturity the interest applied will be for the period ONLY within the period of termination say, you signed for Long term but withdraw within the period of less than 6 years, the interest earned will be calculated according to the midterm rates.