target savings account – Moneytrust Mfb

Target Saving Account

Members get the reward of their savings after 6 or 12 months.

1. Member to determine the regular amount to be paid into group account.

2. Bank ensures interest is paid daily on the pooled funds

3. Bank assist in ensuring compliance by members.

4. At the end of determined cycle, MT ensures money is paid to the

due member (the due member is determined either by turn or auction).

The only difference between MT (Susu) and the above is that members agree not to disburse

funds to themselves unless under the aegis of a loan to an individual member or

a joint project course (weddings, burials, anniversaries, politics, donations etc.)

This is targeted at unit families who want to tie their future savings through this association.

1. Periodic deposits are made as determined to meet a future course

or inheritance planning (house, holidays, asset) etc.

2. It bonds family members with a sense of common purpose.

3. Parents can also open dedicated kiddies Account

4. Teaches early financial disciple to children.

5. Reduces future expense overload.

6. Free statement of account

Competitive interest rates

No monthly account-keeping fee

Internet banking

Mobile banking

Telephone banking

For more information, Check our MoneyTrust MFB Target savings accounts.

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