TARGET SAVINGS ACCOUNT

About This Product

The Target Savings Account is designed to help members save towards specific financial goals. It allows members to contribute a predetermined amount of money for a specific period of time to meet a specific goal, such as a vacation, education, or home improvement.

What You Get

• No minimum balance required
• No monthly maintenance fees
• Member withdraws upon maturity
• Member contributes monthly
• Member forgoes interest benefit in case he withdraws before maturity
• Voluntary, member specifies the goal

What You Need

Have these ready — it makes the process quick and easy.

1. 1 Must be a registered member of EXODUS SACCO
2. 2 No minimum balance required
3. 3 No monthly maintenance fees
4. 4 Member withdraws upon maturity
5. 5 Member contributes monthly
6. 6 Member forgoes interest benefit in case he withdraws before maturity
7. 7 Voluntary, member specifies the goal