SMARTSAVE
A flexible savings account that allows individuals or collectives to save over reasonably long periods with provisions for making frequent additional deposits into the account. To encourage saving, clients will only be able to make their first withdrawal after 3 months and are allowed a maximum of 4 withdrawals per year.
Requirements
- Initial deposit.
- Original ID: National ID, Driver’s License, or valid passport.
- Copy of ID
- Current proof of residence: Latest Utility Bills; Letter from Employer, Headmaster, Chief, or District.
- Club Constitution/ Resolution/ Minutes (for Club Savings accounts).
Benefits
- Tax-free interest at competitive rates.
- No monthly service fees.
- No withdrawal fees.
- Nominal minimum balance required.
