The CashPlus – Housing Account is a high interest earning savings account which allows clients to save funds towards purchase of houses or housing stands as well as construction. The client will save half or more towards the purchase price or cost of construction, with the Bank matching the customer’s contribution in the form of a mortgage loan. No withdrawals are permitted for a period of one year (365 days).
Access to mortgage finance is commensurate with client’s requirements. Currently the tenure ranges from 2 to 10 years.
- Minimum Balance $50
- No account maintenance and cash withdrawal fees
- Interest calculated on minimum monthly balance and paid monthly
- Tiered interest rates (Up to 4% p.a.)
- Individuals wanting to buy or improve a home