Savings

We encourage members to secure their financial future for themselves and their families. We deduct an amount of money from member salaries or allowances on a monthly basis for direct savings. Members gain 8% interest per annum on these deducted savings. These savings serve as a basic guarantee when members wish to apply for a loan or other credit services.

Fixed or term deposits are savings made by members for a specified duration at a pre-agreed interest rate.

This is a simple and flexible account that permits daily operations of withdrawals, deposits and transfers.