Savings Account

Institutional School Fee Savings Account

The Institutional School Fee Savings Account offered by AMACCUL is specifically designed to help parents and guardians save for their children's education expenses. This account enables members to set aside funds regularly to cover school fees, tuition, books, and other educational costs.

Key features of the Institutional School Fee Savings Account include:

• Education-Focused Saving: Dedicated account for saving towards educational expenses, ensuring funds are available when needed.
• Structured Savings Plan: Members can create a structured savings plan to accumulate funds over time, aligning with school fee payment schedules.
• Competitive Interest Rates: Earn interest on the balance in the account, maximizing returns and helping to grow savings faster.
• Flexible Withdrawals: Access funds as required to pay for school fees, with no restrictions on withdrawal frequency or amount.
• Community Support: By saving collectively with other members, individuals contribute to securing their children's education and fostering a culture of education within the community.