MICRO SAVINGS ACCOUNT
This is an interest bearing product designed for salary workers and customers who cannot leave their business premises because of the nature of their businesses.
At PAL Micro Finance Microfinance Limited, we say that you can grow your business by yourself. Our Mobile Bankers will be at your location to open an account for you and also take your deposits into your accounts.
FEATURES OF OUR MICRO SAVINGS ACCOUNT
The requirements for opening a Micro Savings account and the benefit you receive can be found below:
- You will need GHS5.00 as initial deposit to open an account
- You are required to have a minimum daily, weekly or monthly contribution of not less than GHS5.00
- You will need a PAL Micro Finance deposit passbook and receipt books for all your transactions (sold at point of account opening)
- You will have unlimited access to your funds
- You can earn a competitive interest on your savings (applicable to GHS100.00+)
- You can earn interest on your money every month
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Do I need to open an account to apply for a loan?
Some loan products require an existing savings account to apply. Browse through our product page to learn more about our loans and their requirements.
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How long does it take to open an account?
In as little as an hour if you provide us with all the details and documents we need.
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What is the minimum amount required to open an account?
The minimum amount required depends on the type of account you would like to open. Browse through our products page to find out more about our products and their features and requirements.