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Plot 140, Main Mall, Gaborone, Botswana
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Monday to Friday 7:30AM - 4:30PM
Thuto SACCOS Savings
TYPES OF SAVINGS
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You shall be a member of the society to hold this account.
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Minimum savings per month is P100.00.
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The account will attract competitive interest rate annually determined by the management board based on the society’s performance.
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A member will be entitled to a bonus interest determined by the management board on an annual basis for not making withdrawals within a period of 12 months which will be credited at end of the financial year.
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A member who offset his/her loans with savings will not be entitled to bonus interest.
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An ordinary loan can be taken against this product at a ratio of 1:3.
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A member is eligible to withdraw savings difference between loan book value and savings book value if he/she does not owe the society.
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If a member does not owe the society, he/she can only withdraw 75 % of his/her savings.
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If you withdraw savings you will be charged a penalty fee of P50.00.
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The product has an administration fee of P25.00 monthly.
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The account will be opened with a minimum deposit of P10,000.00, with a maximum deposit of P300,000.00.
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The deposit can be fixed in a determined period from a minimum of 12 months.
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However if the agreed period elapses, the account will automatically continue as per the initial contract.
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The account earns competitive interest of 10.5% per annum.
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If a member withdraw the deposit before the agreed period, interest will be paid based on the number of months the account was held, with a penalty fee of 1.5%.
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The product is optional.
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You must be a member of the society to open this account.
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Minimum savings per month is P100.00.
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The product attracts competitive interest rate of 10% per annum.
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The product has a free administration fee.
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Christmas savings are NOT used to secure society’s loan/loans.
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This account is optional.
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You must be a member of the society to open this account.
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Minimum savings per month is P100.00.
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The product attracts competitive interest rate of 10 % per annum.
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The product has a free administration fee.
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This account is optional.
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Minimum savings per month is P200.00.
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You will be entitled to a minimum interest rate of 10% per annum.
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Compound interest method will be used to calculate interest.
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A member is required to save until retirement age or no longer available to service the account..
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No administration fee charges.
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The product is Optional.
