LIFE TARGET THRIFT
A long-term target thrift plan designed to help members save toward retirement and
other important financial goals over a minimum period of three years.
A long-term target thrift plan designed to help members save toward retirement and other important financial goals over a minimum period of three years.
FEATURES
- Minimum thrift period of 3 years
- Designed for long-term financial goals
- Suitable for retirement savings
- Minimum thrift contribution is determined by the member
- Thrift frequency is determined by the member
- Contribution can be based on the project and its value
- Savings can also be structured around the member’s earnings
- Provides eligible members with access to emergency loans
HOW THE PLAN WORKS
1. Define Your Financial Goal
Identify the retirement plan, project or long-term financial objective you want to save toward.
2. Determine Your Contribution
Set a contribution amount based on your project, its value and your earning capacity.
3. Choose Your Frequency
Determine how often you want to make your thrift contributions.
4. Save Consistently
Continue your contributions throughout the minimum three-year thrift period.
5. Work Toward Your Target
Build your savings progressively while staying focused on your long-term financial goal.
BENEFITS
Save Toward Retirement
Life Target Thrift provides a structured way to build savings over the long term toward retirement and future financial needs.
Set Your Own Contribution
Members determine their thrift contribution based on their financial capacity, project needs and earnings.
Choose Your Savings Frequency
Select a contribution frequency that fits your income pattern and financial circumstances.
Plan for Major Financial Goals
Save progressively toward important projects and long-term financial commitments.
Build Long-Term Financial Discipline
The three-year minimum period encourages consistent saving and long-term financial planning.
Access Emergency Loans
Eligible members can enjoy easy access to emergency loans when unexpected financial needs arise, subject to applicable requirements.
Save According to Your Financial Capacity
Your contribution can be determined based on the nature and value of your project as well as your earnings.
Prepare for Your Future
Build financial resources gradually while working toward retirement and other important long-term goals.
AT A GLANCE
Plan Type: Long-Term Target Thrift
Minimum Period: 3 Years
Contribution: Determined by the Member
Frequency: Determined by the Member
Contribution Basis: Project, Project Value & Customer Earnings
Primary Purpose: Retirement & Long-Term Goals
Loan Access: Emergency Loan for Eligible Members
Start Building Toward Your Long-Term Goal
Set a financial target, save consistently and build toward the future you
want with Life Target Thrift.
Set a financial target, save consistently and build toward the future you want with Life Target Thrift.
