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Monthly Savings

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Monthly Savings

Constantly save on a monthly basis.

  • Members are encouraged to save a minimum of M50 per month, with the flexibility to contribute any amount above this threshold. Anything above M50 is special savings.
  • Monthly savings are transferred by debit order from the member’s bank account to the cooperative’s bank account.
  • Members can adjust their monthly savings amount through their online member account.
  • Withdrawals are allowed once every three months, calculated on Special Savings only (the amount above M50).
  • The withdrawal limit is not more than 60% of the total Special Savings.
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