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Ordinary Savings

  1. Compulsory for all members.
  2. Minimum monthly savings of P100.00.

In addition to the ordinary savings account, a member may open another specific savings account.

A savings account designed to provide a savings facility for parents to save for their children who have not reached the maturity age. The account helps parents to plan for their children’s education through savings accumulation for a long period. The account operates in the following manner:

  1. The member opens an account for each child as he wishes.
  2. An opening deposit of P200.00 is applicable.
  3. Minimum monthly savings of P50.00.
  4. Interest rate is standard at 3% for a minimum balance of P1000.00.
  5. The account name is the child's name, while the parent has the sole mandate to operate it.
  6. Withdrawal from the account is permitted after every four months provided a balance of P1000.00 be maintained.

A withdrawal deposit account, which gives members a facility to save for eventualities like school fees, holidays, weddings, etc. The account operates in the following manner:

  1. A member makes an opening deposit of P200.00.
  2. Minimum monthly saving of P100.00.
  3. Save consistently for at least six months before withdrawal, subsequent three months allowable withdrawals.
  4. The account has P500.00 minimum account maintenance balance.
  5. Interest rate is standard at 5% for minimum balance of P2000.00.

A savings account designed to provide a savings facility to make post festive season easier. The account operates in the following manner:

  1. The member makes an opening deposit of P250.00.
  2. Minimum monthly savings of P100.00.
  3. A non-withdrawal account.
  4. Interest rate is standard at 6% for full term for minimum balance of P1000.00.
  5. Pay-out after 12 months of continuous saving.
  6. Funds can be re-invested for another 12 months.