Member savings accounts are an essential tool for building financial stability and achieving your savings goals. With competitive interest rates, easy access to funds, and no monthly fees, these accounts offer a cost-effective and convenient way to grow your money over time.
Whether you are saving for a rainy day, towards buying your own home, school fees, car or an anticipated vacation, we can find the right savings account for you. You work hard for your money, let your money work for you.
The balances in a member savings account serve as a collateral for accessing credit from the society. With a minimum of GHS50.00, a member can save.
Key Features
Competitive Interest Rates
Earn attractive returns on your savings with our competitive interest rates calculated on a compound basis
Safety and Security
Your savings are protected under the Deposit Protection Scheme administered by the CUA
Easy Access to Funds
Convenient access to your money whenever you need it with no hidden charges
Flexible Contribution Options
Save at your own pace with flexible contribution options that fit your lifestyle
Requirements
To open a Member Savings Account, you will need:
Protection for Your Savings
Credit Unions in Ghana are covered by the Deposit Protection Scheme (Stabilization Fund) which is administered by the CUA. This is a scheme that can provide compensation to depositors if the credit institution is forced to go out of business.
With this, members can rest assured their savings and all interests earned are secured.
Savings Policies
Important policies governing your savings account:
The savings balance of any one member shall not exceed 20% of the total savings of the Union or as determined by the Board of Directors from time to time.
Savings cannot be withdrawn if they are frozen to guarantee a loan. Neither can savings be withdrawn if the member's indebtedness is greater than the member's savings.
Interest on savings shall be determined by the Board of Directors from time to time to ensure competitive returns for our members.
Start Saving Today!
Take the first step towards financial security and watch your savings grow. Join thousands of satisfied members who trust us with their financial future.