Save As You Earn (SAYE):
This is a savings product untended to attract savings from salaried workers and self employed persons. It has the following features;
- It is a contractual savings scheme whereby the depositor pays a fixed amount of money into the account, daily, weekly or monthly for a fixed period, minimum of six month.
- Interest is payable at 6% per year and a bonus of 2% on interest payable if there are no withdrawal during the tenor.
- Balance can be used as loan collateral