GECCU

General Employees Co-Operative Credit Union Limited

Christmas Savings

  • To encourage members to save for a specific period, this special deposit account allows members an easy way to put aside money for their Christmas holiday expenditure. It is a wise way to plan for Christmas shopping without taking a loan
  • This plan is available to all members and offers interest at the rate of 5%.
  • Members are expected to make regular deposits throughout the duration of the plan.
  • Funds are available for withdrawal from October 31st annually. Members must withdraw all accumulated funds by December 31st, otherwise remaining balances would be automatically transferred to his/her Shares Account.
  • Withdrawal before October 31st would result in the loss of all interest payment and the balance on the fund would immediately be transferred to an Ordinary Deposit Account.