Savings
There are three (3) types of savings account, namely:
- Ajo Account
- Daily Micro Savings
- Savings Account
A convenient, conventional and secure savings product that enables you to increase your cash base and create extra income. It is a daily fixed amount contribution with easy withdrawals if need be.
Whom is it suited for?
The Ajo Savings Program is suited for members who:
- Wish to set aside regular amounts to meet future expenses
- Have a short-term savings horizon
- Have voluntary savings to invest
- Access to closed investment opportunities
- Insured deposits
- Instant remittance structures
- 24/7 access to account statements
Features
- One day service charge
- Minimum daily contribution of 200.00
- No maintenance fee
A holder of this account saves for a period of six (6) months without withdrawals and earns competitive interest and then he/she can have access to loan facility worth twice of his investment from Queens MPCS.
Whom is it suited for?
The Daily Micro Investment Program is suited for investors who:
- Wish to earn interest or dividends on their investment
- Have a medium-term investment horizon with daily income
- Have voluntary savings to set aside in an investment vehicle
- Flexible remittance structures
- Access to closed investment opportunities
- Dedicated financial advisor
- Insured deposits
This is the conventional savings accounts operated with the minimum balance of 1000.00.
Features
- Flexible remittance structures
- Access to closed investment opportunities
- Dedicated financial advisor
- Insured deposits
- Interest on savings with no withdrawal more than once in 2 months