Save plan is a type of commitment savings in which clients save a specified amount periodically. This account is intended for individuals who intend to save without withdrawing the funds for a longer period.
Features
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Withdrawal is determined by customer after 3 months period from account opening
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Interest is accrued on daily balance and monthly capitalized
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Requires notice of seven days or 24 hours on withdrawals.
Benefits
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Empowers customers towards realizing their dreams through saving culture.
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Helps in financial planning
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Offers more flexibility to clients to add more funds as they wish
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Outstanding balance can be used as collateral for loans such as Mphamvu loan.