•      Product targets customers who desire to own their homes within the shortest possible time
  •      Individuals, Joint names or Corporate Entities
  •      A long term targeted savings account
  •      To give the opportunity to prospective homeowners to save towards the down payment of their desired home
  •      Account to be operated as a hybrid of savings and investment
  •      Standing order / direct debit
  •      Minimum opening balance is GH¢100
  •      Mandatory regular monthly investment contribution of not less than GHS 100 for 24 months/ 36 months
  •      No withdrawal limit to be set on account
  •      Optional two or three (2/3) year term insurance policy on amount contracted to be paid within the contract period.
  •      Benefit to be paid on death according to commitment made.
  •      Interest: Tiered but on a fixed rating scale

 

  •      Saving up to 25% of the property cost qualifies customer to apply for a mortgage loan and consumer loan
  •      Account attracts a high interest rate
  •      Regular quarterly statements
  •      Periodic information on Real Estate Market
  •      Two/three full months deposit equivalent paid to customer as long term benefit after 24/36 months of saving regularly i.e. 24+2/36+3