Savings & Investment

Ordinary Deposits

This is an interest bearing savings account which facilitates the payment of Standing Orders and other financial commitments, including loan repayment. Key features and benefits include:

• Interest on balances paid quarterly.
• Annual dividend payment is also credited to this account.
• Allows for payment of Standing Orders, Loans, and other liabilities.
• Insurance benefit will be paid to beneficiaries on death of the member.*

* Special conditions apply.

Special Fixed Deposits

This is an account that allows members to earn alternate rates of interest on lump sum deposits. Deposits may be placed for periods of 30, 90 or 360 days. Key features and benefits include:

• Receive attractive interest rates.
• Provides the opportunity to maintain a set principal while utilizing the interest
  payments as a source of income.
• Can be used as a source for retirement savings.
• Can be used to attain short or long term goals.
• Flexibility and variety of saving periods.
• Fixed Deposit will be automatically rolled for previous term unless otherwise
  instructed, little maintenance required.
• Interest can be transferred into any credit union account of your choice.

Terms Savings Plan

The Term Savings Plan is one of the many services offered to members. It is an attractive savings plan, which focuses on the future financial needs of the members. This savings plan is similar to an installment savings plan where members can save a fixed amount either weekly or monthly for a specified time up to a maximum period of 5 years.

During the stipulated period of installment, a very attractive interest rate is paid to the member.

Junior Savers

The Junior Savers Account is a savings plan designed for children who are between the ages of 0 – 16 years. Through this account children can learn the habit of saving, thrift and good money management. Key features and benefits include:

• Earn attractive interest rates.
• Provides an opportunity for the young members of the family to save today and reap the benefits tomorrow.
• The money saved can assist with educational and personal goals.
• Special incentives are offered by the credit union from time to time which includes scholarships and bursaries.
• Children will develop useful knowledge of the credit union at an early age.
• Insurance benefit will be paid to beneficiaries on death of the member.*

*Special conditions apply.

Standing Orders

A Standing Order is a simple, reliable and economic way of making your Credit Union loan payments or savings on a weekly/fortnightly or monthly basis. This is also a convenient way to make your monthly insurance payments. To setup a standing order, simply call or visit the Credit Union, and a member of staff will help you to complete an instruction form that authorizes your employer or bank to deduct the amount from your salary or bank account, on a weekly/fortnightly or monthly basis, and pay this amount into your Credit Union account.

Life Savings Insurance