The Group savings account offers regular transactional and savings opportunities for, groups/ associations including women groups. It allows unlimited savings and withdrawal transactions appropriate for daily transactional needs of groups. It has multiple signatories to the account with mandate to be determined by group members. This account could also be utilized by traditional ‘Osusu’ groups to save members’ ‘Osusu’ contributions before disbursing to winning members.

KEY FEATURES INCLUDE:

• Interest payable: 3% payable in June & December of each year.
• Account Opening Fee: GMD 150
• Minimum Operation Balance: GMD 100
• Savings Frequency: Unlimited
• Withdrawal Frequency: Unlimited

BENEFITS

• Quick account opening process
• Unmatched interest rate
• Offers Access to different loan facilities