It is a regular and consistent contribution made by a contributor (member) on a daily, weekly, bi-weekly or monthly basis. Members are encouraged to regularly save for the future - for productive purposes and to access loans.

  • • Minimum monthly contribution is GHC20.00

  • • Interest on savings (M’anidaso) is currently 9% p.a. for the year 2023. Interest on savings shall be determined by the Board of Directors.

  • • This account is held for six (6) months to mature before any withdrawals can be made.

  • • Savings may be withdrawn only within the working hours of the Fund.

  • • Monthly source deduction is obligatory (church workers).

  • • Direct Cheques and Cash payments into the account are also acceptable.

  • • A member shall not be entitled to the full interest if savings/contributions are in more than 12 months arrears.

  • • The savings balance of any one member shall not exceed 20% of the total assets of the Fund or as determined by the Board of Directors.

  • • Savings cannot be withdrawn if the member has a running loan (church workers)

  • • Savings cannot be withdrawn if they are frozen to guarantee a loan (church members)

  • • The account must maintain a minimum of GHS50.00 till the account is closed. (church members)

Download Savings Account Form