This product is specifically designed for all customers and is aimed at enabling customers to save their monies that will help them solve January mitigations such as paying rent, school fees etc.
Features
- Credit Interest – allowed
- Credit Interest Accrual – Daily
- Credit Interest Application – Quarterly
- Interest rate – 4% per annum to any balance above zero.
- No Debit allowed However, every January this indicator will either be changed manually to “YES” or automated to allow customers withdrawal during the month After January all debits are blocked again.
- No ATM card issued for this account
- No Overdraft allowed for this account
Benefits
- Lowest monthly fee
- Credit Interest issued for this account, calculated per annum
- Account is flexible to receive other funds anytime