Savings Account
S4 Housing Savings
This account is designed specifically to assist members in saving towards their Home Ownership Scheme goals. PPSSLS members can plan ahead and actively deposit into this account and over time increase eligibility for when the time comes to apply for that desired housing advance from their employer. Capitalize on the rewarding interest rate and save towards a favorable Housing Advance outcome.
| Account Name | Housing Savings Account (S4) |
|---|---|
| Minimum Deposit per fortnight | K50 |
| Withdrawls | No withdrawals allowed |
| Additional deposit over the counter allowed | Yes |
| Interest Type | Fixed |
| Interest Rate | 5.25% per annum |
| Interest Crediting Frequency | 6 monthly (30.6 and 31.12 each year) |
| Fees-Account keeping fees | Zero fees apply |
Additional Information
- For PPSSLS members only.
- Must be at least 18 years old