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Personal > Savings and investments > ContractSave
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This is another investment product that affords you the opportunity to develop a good savings culture. You only set a monthly standing order on your account and lock it into a savings account for a period. You will then get competitive interest rates and also with a bonus interest if the investment term is completed.
Features
- Initial deposit of GH¢ 250 required to start the investment
- Minimum monthly standing order of GH¢ 100 (additional deposits can be made at anytime)
- Minimum investment period is 12 months.
- No maximum period of investment.
- Bonus interest rate applied to accrued interest
- Interest is calculated daily and capitalized monthly. This means you earn on interest on interest.
How to apply for a Contract Save
- Open a Transact Plus, Current or a Savings Account
- Fill out an investment application form
- Start with an initial deposit of GH¢ 250.00
- Set a monthly standing order of GH¢ 100.00.
- Contract Save investment cannot be opened for a non customer; a transactional account is mandatory
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