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Savings Account

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  • Members shall make a minimum regular savings of D500.00 (Five hundred dalasi) monthly.

  • The General Assembly shall have the right to increase the minimum savings of members.

  • Members may make voluntary savings as and when they think fit.

  • Withdrawal from savings shall be made only after the member has made regular savings for six consecutive months. Savings shall only be withdrawn within the normal working hours (8:00am to 16:00pm from Monday to Thursday and Friday 8:00am to 11:30am).

  • Members’ savings balance at any time cannot be below D1000.00

  • Savings shall earn an interest annually as may be determined by the Board of Directors taking reference from the Audit Report.

  • A member shall have the right to increase her/his savings.

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