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Term Deposit

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Know about

Term Deposit

Save for a fixed period of time.

  • Members can take part in the Term Deposit product, which works similarly to a fixed deposit.
  • Term deposits start from M1,000 and are held in the cooperative’s bank account for a chosen period of three months or more.
  • On maturity, the deposited amount is transferred back to the member.
  • Phuthalichaba plans to offer interest on savings in the future; currently, interest payment is not implemented.
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