This account has been designed to cater for Customers who have a specific target at a given date and wish to save specific amounts regularly without withdrawing it until maturity time. Customers may use a target savings account to buy land, Motorcycle, Car, building, paying for school fees, expanding business and meeting social cultural needs.
- Opening balance 30,000/=
- Minimum Balance to earn interest 100,000/=
- Viable for 3, 6, 12 months
- Premature withdrawals will cause you to forfeit interest
- Interest is paid at the end of each contract less withholding tax
- Ability to roll over savings after expiry period
- Achieving your financial targets.
- Very attractive interest rates
- Control against unnecessary withdrawals.
- Security of savings.
- Can be used as a basis to secure a loan
- Instilling a savings culture
- Valid Identity Card,passport,driving permit, Voters Card, Financial Card(any of the above)
- Letter from LC /Employer
- Control against unnecessary withdrawals
- One recent passport size photo
- For existing Customers: You may use a Financial Card plus a passport size photograph.