Savings Account

Term Deposit/Life Savings Account

The Term Deposit/Life Savings Account offered by AMACCUL is a secure and structured savings option that allows members to invest their funds for a fixed period at competitive interest rates. This account provides the opportunity to earn higher returns on savings while maintaining capital preservation.

Key features of the Term Deposit/Life Savings Account include:

• Fixed Term Deposits: Members can choose from various fixed terms, ranging from months to years, to lock in their funds and earn higher interest rates compared to regular savings accounts.
• Competitive Interest Rates: Enjoy attractive interest rates that are predetermined and guaranteed for the duration of the deposit term, providing stability and potential for growth.
• Capital Preservation: Funds deposited in the Term Deposit/Life Savings Account are secure and protected, ensuring that the initial investment amount is preserved throughout the term.
• Flexible Renewal Options: Upon maturity, members have the flexibility to renew the deposit for another term or withdraw funds as needed, providing liquidity and financial flexibility.
• Automatic Renewal: Some accounts offer automatic renewal options, allowing deposits to roll over seamlessly into new terms without requiring manual intervention.