Shepherd Target Savings(Shepherd Target)

Examples; Land Acquisition, Weddings (White & Traditional), House Hold Furniture etc

It is Good Shepherd account operated by customers to target an amount for a project. The targeted amount for the project is divided for the period the amount is targeted to be raised, and this will give you the amount payable daily, weekly or monthly as the case may be.

Features

• Opening balance is =N=2,000
• Minimum balance =N=5,000
• Monthly contribution of N2, 000.00 and above or daily contribution of any amount not less than =N=500.
• No withdrawals till the agreed targeted date.
• Premature withdrawal will attract forfeiture of 25% of the accrued interest.

Benefits

• Encourages capital amount savings.
• Ability to save and achieve greater projects or business growth.