To teach the members the culture of savings, Encourage members to save and use their savings constructively.To encourage its members to reach out and share the Gospel of Christ at their workplaces and within their community. read more
We all have at one time desired to make savings towards achieving a certain target, be it a smart phone, house, car, plot of land, marriage etc…This account works like a fixed deposit account. It has three categories:
Short Term, Medium Term & Long Term. With interest of 7.5%, 8% & 11.5% respectively.
Nothing is more important to you than your children. At Y-Save we understand that securing your children's future is important to you and that's why Y-Save has the children's account.
Access to money on this account is only when the children are over 18 years. This account earns an interest of 12% PA, and the interest compounding itself annually until the expiry period.
At Y-Save we understand that you have dreams and ambitions about improving the quality of your life. We know that you would for example like to buy new furniture or buy a plot of land, fund opportunities or emergencies
The account holder is saved the hustle of queuing up in the banks as the office makes the payments for the school fees payments on behalf of the members, as long as the bank slips are handed in at least two weeks before beginning of term, and if there are sufficient funds on the members account to meet the school fees obligation. It encourages disciplined savings towards school fees.
Has a medical emergency ever befallen you or your loved one, catching you financially off guard with no quick source of income? The medical account was created to address this very need.
Access to money on this account is granted with proof of a medical bill or receipt issued by a Medical institution. This account attracts and interest of 7% PA.
Everyone needs to plan ahead for retirement. People are living longer and have healthier lives, so it is more important to consider your retirement income today than ever before. Yet, too few of us understand the real facts about pensions. A pension is a long-term investment designed to provide an income in retirement. You make contributions to your individual account
Shares give you ownership in Y-Save and it is mandatory that each member should have at least one share. Members can purchase shares anytime by depositing money in the bank and indicating the number of shares they would want to buy. Presently the price of the share is 35,000/=