The Nasfund Contributors Savings and Loan Society (NCSL) Limited is committed to continuously enhancing the service experience of its members.
NCSL stated that to further improve transparency and pricing, NCSL decided to remove the K1.00 monthly account service fee on all its savings products, with immediate effect.
More positive changes in product pricing can be expected later this year. This is projected to save members over K2.5 million in fees per year.
This change applies to the following accounts:
- Christmas Savings: Accessible during November, December, and January.
- Education Savings: For school-related expenses.
- Kids Savings: Trust account for children under 18.
- MMJV Housing Scheme Savings: Home savings for Morobe Mining Joint Venture employees.
- Long Service Leave Savings: For employees’ long service leave entitlements.
“The monthly fees for the Poro Transaction Account will continue to apply,” the savings and loan society stated.
NCSL added that the savings and loan serve over 150,000 members who save for their short to medium-term financial needs.
“This initiative reflects NCSL’s commitment to providing better value and making saving more accessible and rewarding for its members,” NCSL said.
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