TARGET SAVINGS

What it's all about!

💼 We understand that so many persons have plans for the future that requires financial backing. It could be for a masters programme abroad, a new Car, land acquisition, school fees, wedding ceremony, New business line etc. 

Saving in one's personal account for different goals might not really allow you know how much progress you have made in saving for the said goal. 

Also, impulse buying, emergency situations and family/relatives challenges might lead to one using up such set aside funds in one's account.

So The Target Savings Plan helps you keep your money on a regular basis (daily, weekly or monthly) for your various set goals for the period of time agreed. At the end of each year, a percentage profit is given to you on the total amount saved if the contribution comes regularly as at when due.

In addition, we give financial advice and plan with you on your said project. We check your earning capacity, suggest alternative sources of income for you to increase your earnings and give you affordable options so that your proposed project does not cause so much strain on your income which may make life difficult during the period of the savings.

Like icing on a cake, we also give interests at maturity of the Target Savings period.  The interest rates applicable ranges from 1% - 10% depending on the amount saved on a regular basis and the duration.