Lahi Saving Accounts S5
Lahi Savings Accounts
It is a transactional savings account with higher interest rates and no monthly maintenance fees charged. Designed for customers who are reaching senior citizen age.
- A highly competitive interest rate
- No monthly fees
- Funds available on demand
- Withholding tax charged on interest is 10%
1.5% pa1
interest rate
| Lahi Saving Account S5 | |
|---|---|
| Features | |
| Minimum balance | Nil |
| Service fee | Free |
| Maintenance fees | $2 per quarter |
| Over the counter withdraw fee | $2 per monthly |
| Number of free withdrawals | 4 per month |
| Dormancy fee | Nil |
| Minimum deposit | Nil |
| Minimum withdrawal | $10 |
| Withdrawal fees | $2 |
| Automatic deductions | Nil |
| Interest Income | Calculated monthly, paid monthly to account |
Automatic deduction from savings accounts
- $10 minimum opening balance;
- No monthly service fees charged;
- $2 quarterly account maintenance fees;
- Electronic and paper withdrawals options;
- 4 free withdrawal per month and $1 per transactions thereafter;
- Passbook will be provided & Internet Banking as an option;
- Option of joint account;
- Survivor Nominations provisions;
- Quarterly statements are available upon request;
- Attractive interest rate of 1.5%pa;
- Unlimited deposits allowed;
- Can be used to secure loans, revolving facilities or overdraft facilities. No withdrawals will be allowed if used as security.
- Passbook will be issued
1. No interest on balances below $100.00
