Target Savings Account

An account that allows customers to save towards specific projects

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Target Savings Account

This is a contract account which allows customers to save towards specific projects.
 

Features

1
  • No account opening balance
  •  
2
  • No minimum balance
3
  • Interest to be calculated on a minimum monthly average balance
4
  • 4% (p.a.) Interest rate
5
  • No monthly maintenance fees
6
  • Withdrawal is at the end of the tenor/ savings plan (minimum of 6 months)