Having extra cash set aside for the festive season helps you avoid debt and ensures you have enough to share with your loved ones, spend on gifts, decorations, entertainment, and travel without calling on your regular savings.
NCSL’s Christmas Savings Account serves this purpose and members with saving under this account are eligible to transfer funds from their Christmas account into their Poro Accounts when the account opens for withdrawals commencing 01st of November.
NCSL’s newly appointed Manager Member Services and Branch Support, Noel Keyala said having a Christmas account ensures there is savings set aside to celebrate the festive season. The account allows members to save for an extended period of time before accessing their savings to celebrate Christmas and welcome the New Year.
“Christmas savings eases the burden of paying using your December pay packet and the burden of being in debt from borrowing. “It helps with your monthly budget when you contribute each month and it accumulates overtime,” he said.
Interested members can deposit a minimum of K15.00 each fortnight and these contributions or deposits can be done through salary deduction, mobile and internet banking or depositing monies via the commercial banks.
This interest-bearing account is accessible from 1st November each year through to 31st January the following year.