Regular Savings

Regular savings is a passbook savings account of the Cooperative and is the most popular. Members with this account can deposit money and withdraw it as they wish.
Features

1. P100 Initial deposit (non – interest bearing)
2. P500 maintaining balance
3. 00 minimum acceptable savings deposit allowed after opening account of regular savings
4. 100 minimum withdrawable amount per transaction
5. 2% P.A interest rate
6. Comes with passbook
7. There is NO leveraging relationship to lending. The amount in a passbook savings account provides little information on an individual’s income earning capacity or debt repayment capacity