This is an account in which a person can make daily, weekly or monthly contributions with the aim of using it to satisfy a particular need. It attracts interest with a threshold of GHS500.00. Withdrawals depend on the availability of funds on the account which is above the balance threshold.

Features

1. Minimum of GHS 20.00 to open account
2. No monthly charges
3. Competitive interest rate
4. Unlimited number of cash withdrawals
5. Savings passbook is issue to customers

Benefits

1. Statement of account are given upon request
2. Savings can be used as security to apply for loans from the bank
3. Interest calculated on daily basis and credited quarterly.