Product Overview
The savings account is an interest-bearing deposit account. BACCSOD’s savings account is designed to ensure that:
- Customers/members have sufficient deposit provisions available to safeguard against their personal or business financial needs
Features
- BACCSOD ensures that a competitive return is paid to members
- BACCSOD shall only accept from registered members
- Members can make deposits by themselves, third parties or through electronic money transfer and any other means approved by BACCSOD
- BACCSOD maintains a minimum savings balance which cannot be withdrawn by members
- Members can access loans with their savings accounts
- Account holders can use their accounts to guarantee loans for others
Account Opening Requirements
- Ghana Card (National Identify Card)
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address / residential address
- Resident permit (for foreign nationals)
- Resolution from the Board (for savings account)
- Business registration documents (for savings account)
- Acquisition of minimum shares
- Payment of account entrance fees
- The individual must be of age (18years) and sound mind
- Names and details of beneficiaries
