This account is ideal for all accounts. On this account you can withdraw as when you need but you cannot  withdraw large amounts twice in a day. It is also used as a funding account.

  Qualification Criteria

  • Minimum opening balance M100.00
  • M50.00 entitles one as a member
  • Another M50.00 is a funding account
  • It enables account holder to withdraw and deposit as often as you like
  • This account can be used to make stop order payments into loans account
  • The maximum withdrawal per day is M10,000.00. Any amount exceeding M10,000.00 ,two days notice must be given.

      Interest

  • Interest rate is paid into accounts in excess of M500.00
  • Interest rates are competitively tiered ,the higher the balance the higher the rate
  • Interest is calculated daily and is paid at the end of the year

        Statements

         Statements are available on request

                 Costs

  • There is a monthly service fee(M10.00)
  • There are no management fees charged
  • There are deposit fees (M0.80) per M100(0.8% of the money deposited)
  • 1% is charged on coins deposits only

There are withdrawal fees(M1.00) per M100(1% of the money withdrawn)