Accounts Option

Developing a positive attitude towards savings while learning to manage your income is one first step to financial security. Engage with a regular savings account with Bafut Co-operative Credit Union Ltd and facilitates the payments of your monthly expenses; and also benefits from a savings that assists you to achieve your future goals and emergencies

Savings Account

Having a good Money Management is an important strategic future policy. This can not be achieved without establishing a regular savings programme which permits you to developed a discipline form of managing money including savings your surprises. Whether your goal is to save for a big purchase, or to set up and emergency fund programme or save for retirement, BAFCCUL offers a variety of savings products to meet yours desired objective


Save and Gain 2% Interest Yearly

Regular (Traditional) Savings

Having a good money management is an important strategic future policy. This can not be achieved without establishing a regular savings programme which permits you to developed a discipline form of managing money including savings your surprises. Whether your goal is to save for a big purchase, or to set up an emergency fund programme or save for retirement, BAFCCUL offers a variety of savings products to meet your desired objective.

Members maintained a regular savings account through deductions from their salaries, bank standing orders, or deposits over the counter. The minimum amount that can be saved in the traditional savings account is 1,000XAF and the minimum balance that the account must have is 10,000 XAF, Since the account is used to build future savings, withdrawals from this account requires 14 days of notice; otherwise a charge of 1.5% is applied. This savings could also be used as part security to your loan or full security for character loans. Loans are granted at 5 times what is held in your regular savings account. Insurance is paid on this savings to the benefits of your family. Insurance covered of up-to 65% of 1,000,000 XAF of your savings is credited to your beneficiary's account or to your account  in case of permanent disability.


Earned 2% Interest on This Account By July

Vacation Savings

This Account is designed to encourage members to save for their vacation and it attracts interest which is credited to your account by July each year. Savings begins in this account in September and close in July. Withdrawal from this account begins from June to August. However, operators can withdraw within the year as they deem necessary with no charge. No Minimum balance is required and any amount can be saved. The more you saved the more interest you earned. You could also used this savings as part security for you loan.


2% Interest is Paid On This Account By November

Christmas Savings

Don't be caught without cash at Christmas time. Save regularly from January to November and receive a lump sum interest payment to your account at the end of November, The more you save the more interest you receives. withdrawal from this account can be done anytime In December.

his Account is designed to encourage members to save for their vacation and it attracts interest which is credited to your account by July each year. Savings begins in this account in September and close in July. Withdrawal from this account begins from June to August. However, operators can withdraw within the year as they deem necessary with no charge. No Minimum balance is required and any amount can be saved. The more you saved the more interest you earned. You could also used this savings as part security for you loan.


 

Fixed Deposit

Invest In A BAFCCUL Fixed Deposit And Let Your Money Earn Attractive Interest Rates Today!


 

  • Fixed Deposit Rates per annum:
  • 6 Months - 2.5%
  • 12 Months - 2.75%
  • 24 Months - 3%

 

*Rates Effective from 1st June 2018