Unity Growth Savings

A Unity Growth Savings allows customers to form a group and link each group member's Savings Account in a pool to get higher interest rates based on the balance in pool. Each group member enables to control their account, deposit and withdraw money as needed.


Benefits:

  • Group members in pool receive higher interest rates (Saving interest rate + bonus interest rate)
  • Enable to add unlimited group members in a pool
  • Enable to withdraw, deposit or transfer money at any time
  • Enable to get $5,000 sum assured of Life Insurance
  • Provide ATM cards that enable performing transactions within the CSS members without fee charge
  • Register LOLC Mobile and performing transactions without fee charge

Product Features: 

The condition of adding interest rate as follows:

Total SA Balance in a Pool Bonus Interest Rate
                        ≥ $1,000,000                                   0.25% 
                        ≥ $2,000,000                                   0.50% 

Note: Dormancy Saving Account in a pool is not applicable to receive the bonus interest rate.

Conditions/Eligibility: 

  • Individual customers form the group, at least 2 group members per one pool
  • One customer enables to use one active Saving Account per one pool (Saving Account/Digital Account “Full KYC”), the currency in Riel or Dollar
  • Group members enable to add or remove group members from the pool or change info. at LOLC office

How to apply: 

Customers enable to apply the Unity Group Saving at 83 branches of LOLC.

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