Personal and SME customers who wish to save money with the desire to accumulate wealth or finance an important event such as a weeding or vacation.
Product Attributes/ Features
- Minimum opening balance of MK20,000
- Monthly deposits of at least MK10,000 through a cash deposit or a standing order
- Interest rate at 6% above ordinary savings account
Benefits To The Customer/user
- No service fees.
- Allows a customer to build an investment over a period of time from a monthly income
- Can be used as collateral/security
- Relatively high interest rate
Costs To Access The Product
Account Opening Requirements
- Account opening forms
- KYC documentation as advised by the bank
Terms and Conditions
Withdrawals on quarterly basis to be done over the counter and not through electronic platforms