ADDITIONAL SAVINGS ACCOUNT
A second account to keep members’ money separate for any purpose. Members can save into this account regularly from their Regular Savings Account or/and occasionally pay in lump sums. Attracts the same Annual Dividend rate as the Regular Savings Account.
No restrictions on withdrawals but a high withdrawal rate is discouraged and would lead to the account being closed. While in the Additional Savings Account savings cannot be used as a loan attachment.