Y-Save Multipurpose Co-operative Society Ltd

+256414250878
admin@y-save.org

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Y-SAVE Towards Godly Financial Freedom
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Y-Save Multipurpose Co-operative Society Ltd

+256414250878
admin@y-save.org

Follow

TARGET ACCOUNT

01/01/2017 –
SightsOnSuccess
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We all have Dreams and Goals we desire to achieve. Some of the Dreams will need financial backing to come alive.

We understand the need to make savings towards achieving a certain Goal, Say; Building your dream Home, Buying your dream car, purchasing a plot of land, Getting married, starting a business, upgrading your smartphone and many more. The Y-Save Target Account is designed to meet this need.

 

 

This account works like a fixed deposit account. It helps members put aside money for a specific period; this can be short, medium and long term. Should someone withdraw money from his account before the stipulated period, then a member would forfeit all the interest that this account would have accumulated.

Categories of Target Account

Short Term Target: A member can open this Account for a minimum period of 3 months and a maximum period of 1 year. This account earns an interest of 7.5% PA. Upon withdrawal, a member can renew the Account for a specified period.

Medium-Term Target: A member can open this Account for a minimum period of 13 months and a maximum period of 5 years. This account earns an interest of 8% PA and the interest compounding itself annually until the expiry period. Upon withdrawal, a member can renew the Account for a specified period. 

Long Term Target: A member can open this Account for a minimum period over 5 years to an indefinite maximum period depending on how long one would like to have money on this account. This account earns an interest of 11.5% PA and the interest compounding itself annually until the expiry period.

PULLUP ACCOUNTS

The Benefits Include:

  • The target account helps members save up towards short and long term goals.
  • The target account enables a member save up for emergencies using the target short account.
  • Members’ savings grow with an interest of 7.5% to 11.5% PA
  • There are Unrestricted free deposits
  • No minimum deposit amount.

“In three words I can sum up everything I've learned about life: it goes on.”

 — Robert Frost
Open up a target account with us today.
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Saturday: 9:00am - 2:00pm

Closed: Sunday and Public holidays

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