These accounts in the names of specific students that are specifically designed to help members save regularly for upcoming school fees, often with features that allow for lump-sum withdrawals at the beginning of each term and payable directly to the schools.
Longer-term savings plans in the names of specific students aimed at accumulating funds for higher education and payable directly to the university, college, vocational training, potentially offering tiered interest rates based on the duration and balance.
Members set specific savings targets for educational purposes for a specific student and payable to a particular university or course and make regular contributions to reach that goal.
Designed for students to cultivate a savings habit early on, often with lower minimum balances and potential incentives.
Members deposit a lump sum for a fixed period, with the understanding that the funds will be used for education at the end of the term, often earning a higher interest rate than regular savings.
