Savings Account
Savings account is designed to give clients the opportunity to build funds or expand their capital without borrowing much to cater for future situations like education, purchase of asset, marriage or emergency. This account is mainly a passbook base.
- Open account with a minimum balance of GH¢ 5.00
- Savings can be used as collateral to access loan facility
- No restrictions on withdrawal
- Statement of account on request
- It attracts 8% per annum interest on monthly closing balances ranging from GHs 100.00 and above
Business Plus Account
This product is specially designed for big shop owners, super markets, import and export dealers and institutions who desire to make regular large deposits towards building a future investment portfolio. This product is operated like a current or business account with an issuance of passbook instead of cheque book.
- Open account with at least GH¢ 10.00
- Clients enjoy attractive interest on quarterly basis if untouched
- Account can be used to access a loan
- No restrictions on withdrawal
- Provision of regular statement of transactions on your account
Susu Account
Open any of these susu accounts, save for a minimum of two (2) months and get loan facility according to your savings capacity without physical collateral.
- Pesewa Susu Account (Any amount on daily/weekly/monthly basis)
- Anidaso Susu Account (31 Days cycle)
- Executive Susu Account (Formal Sector Workers. It attracts 8% interest p.a on monthly closing balance ranging from GHs 100.00 and above)
Fixed Deposit
A flexible fixed deposit account with high yielding interest rates is offered to our clients. This product gives clients value for their investment since interest offered is higher than current Treasury bill rates.
- Minimum deposit is GH¢ 1,000.00
- Interest rates payable depend on the amount and terms of the investment
- Rate of interest is negotiable when large sums of money are invested
- Terms of investment range from 3-12 months
- Money invested can be used as collateral to access loan facility
Gem Education Plus Account
This product is designed to assist parents/guardians to save towards their children educational needs. This is to relieve parents from the difficulty of paying their children school fees and any other school bills on time.
- Open an account for your child with a minimum amount of GHs 5.00.
- Save for a minimum continuous period of six (6) months and GEM will pay your child’s school bills for the term and give you four (4) months to repay the school bills to us as loan.
- This account attract 8% interest on amount of GHs 100.00 and above per annum but charge on monthly basis
