My life, my future saving account is an account which operates with a saving plan from one (1) year up to five (5) years. It is a special account which helps an individual to save towards the future. A customer can choose from the year plan depending on choice or preference.
How does my life saving account work?
You must operate an active account for a period of three months. After three months of operating the account it is moved into my life savings account for your desired chosen plan contribution. I.e. 1, 2, 3-5years
A customer can enjoy some benefits if he or she does not default by failing to contribute to full term of the account plan chosen.
A customer can enjoy:
- Loan facility: a customer can be given up to 90% of loan facility based on the customer contribution.
- Interest: interest rate on my life account is between 12-14% per annum.
- Full interest payment: customers with my life account enjoy full interest on the savings without default i.e. Upon allowing the savings plan to mature to full term.