This is the main account used for the REGULAR savings. This account is used for the basis of Loan applications and the shares cannot be withdrawn while used as security for the loan.
Christmas Saving Club
This is ’locked in’ until October, when members can lift the deposits or can leave until the last operational day before Christmas. Any deposits left in after this time is ‘locked in’ until the following October.
Summer Saving Club
This is an instant savings account members can save for any reason and withdraw deposits at any time. With both the Christmas and summer savings accounts members can save when and as the wish. Whereas, the Shares account requires regular deposits and thus may attract a Dividend.