What is Target Savings?
Target Savings is a goal-oriented savings product for individuals or businesses who want to save towards a specific objective.
Key Details:
- Interest Rate: 11.5% per annum
- Flexibility: Auto-save, partial withdrawal, or break plan options
- Halal-Compliant: Interest opt-out available
FAQs
- Duration: 1 month – 12+ months
- Multiple Plans: Allowed
- Interest Rate: 11.5% p.a., opt-out available
- Auto-Save: Available
- Partial Withdrawal: Up to 50%, loses interest
- Break Plan: All interest forfeited
- Target Reached: Withdraw or continue saving