Savings

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Partner Plan

The real Jamaican Partner plan with a twist. This plan YESwas designed to benefit our memebers in a number of ways. These benefits include:

  • The member doesn't pay the Credit Union, the Credit Union pays you.
  • The member earns a bonus at the end of the plan.

Characteristics

  • A minimum hand of $500 should be thrown each week.
  • No limit to the number of hands.
  • Hands may be thrown weekly, fortnightly or monthly.
  • At maturity, the member has the option of transferring the lump sum to their savings: fixed deposit or regular deposits.
  • Monies may be accessed via the ATM Multilink Machines at maturity of the plan, on the member's request.
  • Members can access loan using the balance in the account as security.

You can earn a bonus as follows:

  • 16 weeks (4 months) ................. ¼ hand
  • 24 weeks (6 months) .............. ½ hand
  • 36 weeks (9 months) ................ 1 ¼ hands
  • 48 weeks (12 months) .............. 2 ¼ hands

Documentation

  • Valid picture ID

Example

Saving Amount Period Draw
$500.0048 weeks$25,125.00
$1,000.0048 weeks$50,250.00
$2,000.0048 weeks$100,500.00
$5,000.0048 weeks$251,250.00
 
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