Deposits and Interest Rates
‘A’ Class Members
| Type |
Effective Date |
Rate of Interest |
Nature of Interest |
Maturity Terms |
| Thrift Deposit |
01/10/2020 |
7.25% p.a |
Cumulative |
On closure of Membership |
| Recurring Deposit |
01/10/2020 |
7.25% p.a |
Cumulative |
One Year |
| Fixed Deposit |
01/10/2020 |
7.25% p.a |
Monthly |
One Year |
| Cash Certificate |
01/10/2020 |
7.25% p.a(Yield 7.45% p.a) |
Cumulative |
One Year |
Loan and Interest Rates
‘A’ Class Members
| Type |
Effective Date |
Rate of Interest |
Nature of Interest |
| Ordinary Loan |
01/10/2020 |
9.25% p.a |
Floating Rate on Monthly Diminishing Balance |