High-yield savings for groups with flexible withdrawal options.
Monthly Deposit: 100,000
Initial Deposit: 500,000
Interest Rate: 7% p.a. (after 6 months)
Interest Paid: End of year
Maximum 3 withdrawals per year
1% penalty on amount withdrawn for additional withdrawals
Unlimited withdrawals if savings collateralize a loan
No maximum limit on total savings
Monthly contributions (100,000 minimum)
Minimum balance of 200,000 maintained
Minimum 3 members required to form a group