Withdrawable savings accounts offer the best of both worlds: the accessibility of liquid funds and the growth potential of savings. With no lock-in periods, and easy access to funds through online and mobile banking, this savings account provides a convenient and effective way to save for short-term goals, emergencies, or any other financial needs.
Features
High Liquidity
Access your funds whenever you need them with no lock-in periods or withdrawal penalties.
Competitive Interest Rates
Earn attractive interest on your savings while maintaining full access to your money.
Easy Deposit Options
Multiple convenient ways to add funds to your account including online and mobile banking.
Automatic Transfers
Set up automatic transfers to grow your savings effortlessly without manual intervention.
Requirements
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. Currently, with the scheme, Credit Unions are required to reserve an average of about 0.02% of members' total savings.
With this, members can rest assured their savings and all interests earned are secured.
SAVINGS POLICIES
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Savings cannot be withdrawn if they are frozen to guarantee a loan neither can savings be withdrawn if the member's indebtedness is greater than the member's savings.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.
Start Saving with Flexibility Today
Open a Withdrawable Savings account and enjoy the perfect balance of accessibility and growth. Your financial security starts here.
Open Savings Account