Savings Account
S2 Christmas Savings
This account is designed specifically to save towards Christmas. Members can plan ahead and actively deposit throughout the year and withdraw funds between November through to December. Capitalize on the rewarding interest rate and save towards a favorable Christmas this year.
| Account Name | Christmas Savings Account (S2) |
|---|---|
| Minimum Deposit per fortnight | K20 |
| Withdrawls | Unlimited withdrawals from 1st November to 31st December each year |
| Restriction(s) | No withdrawals allowed during January through to October each year |
| Additional deposit over the counter allowed | Yes |
| Minimum balance | K10.00 balance to remain upon withdrawal |
| Interest Type | Fixed |
| Interest Rate | 4% per annum |
| Interest Crediting Frequency | 6 monthly (30.6 and 30.11 each year) |
| Fees – Early Withdrawal Fees | K20.00 (early withdrawal fee) for withdrawals made outside of allowed withdrawal period |
| Fees - Account keeping fees | Nil |
Features & Benefits
Additional Information
- Applicants for this account must be at least 18 years old.