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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.