Money Builder
This is a Ghanaian Cedi savings account with a minimum tenure of 2 years.
Purpose (Features):
- Funding the acquisition of car, house or other household items
- Saving towards future capital expenditure
- To reduce outstanding balance on Loans
- Higher interest rates
- Hassle free standing orders to build up deposits automatically
- Collateral for loans and Overdrafts
Minimum balance to open account and earn interest is GHS200 with a minimum monthly contribution of GHS20. Interest rate structure is 2% points above the current savings rate. Money Builder ceases to operate after 3 months if contribution fails. It will revert to being a basic savings account.
