Member Investment
MI
- Category: INVESTMENTS
- Interest: 1.5 per quarter
- Interest Type: FLAT
- Total Interest: 6% per annum
Detailed information of the product
This is a voluntary savings by members to finance a project such as childrens school fees, festivities and among others.
A member who saves an amount of money for a period of time can make a partial withdrawal once every six months.
This account shall attract an interest on quarterly basis and the rate shall be determined by the BOD.