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About Retirement Plan Deposit
The Retirement Plan Deposit Account is an interest-bearing deposit account. The Account is tailored to ensure that Members/customers have the financial means to start a Business Venture and nurture it or build their houses even before going into retirement.
Requirement of Retirement Plan Deposit
- A minimum savings balance of Gh¢10.00 which cannot be withdrawn by members
Benefit of Retirement Plan Deposit
Very attractive interest rates are paid to customers/members on pro-rata basis of 2.00% quarterly on account balance at the end of each quarter.
Funds from Retirement Plan Deposit Accounts can be channeled to Fixed Term Deposits.
Members can access loans with their RPD accounts
Customers/members can withdrawal from their RPD accounts after maturity (5 years from date of inception) otherwise 50% withdrawal after 36 months of continuous savings
Deposits are received from members themselves, by third parties or through electronic money transfer (MTN MOMO, USSD Services) and any other means approved by BSFCCU