Savings Account

It is an interest bearing account that enables individuals,
enterprises and corporate bodies to set funds aside for future
use and also take care of pressing issues such as payment of
school fees, medical bills, periodic expenses etc. Funds saved
accumulate interest pending future use.

FEATURES

  • Minimum initial deposit - GH¢5.00
  • Minimum operating balance GH¢10.00
  • 3rd  party withdrawal with a limit (up to 30% of account balance) by our trained Relationship Officers
  • Flexible deposit options (Daily, Weekly & Monthly)
  • Interest calculated on daily basis and credited monthly
  • Withdrawal of 4 times in the month
  • 30% of account balance can be used to secure a loan (as a Cash back)
  • No account charges
  • Free account statement upon request
  • Free  cash  pickup  by  our  trained  Relationship Officers

 There are other products of GREAT BENEFIT as follows:

 

ROYAL/BUSINESS ACCOUNT

This is a hybrid business account meant for businessmen and
women whose routine work makes it difficult for them to
come in person to either save or withdraw money.

FEATURES

  • It comes with a cheque book which can be given to a 3rd party (but cannot go through clearing)
  • Minimum deposit of GH¢10.00
  • Earn interest on daily basis but credited monthly
  • Enjoys one hour preferential treatment after closing time
  • Enjoys reduced interest rate of 1% on MF's loan monthly
  • 30% of account balance can be used to secure a loan (as a Cash back)
  • Free account statement upon request
  • Free cash pickup by our trained Relationship Officers

 

“MEBA NTI” ACCOUNT

It is a tailor made investment product for children (less than
18 years) suitable for parents or guardians who need to save
for their ward's future demands; school fees, books etc.

FEATURES

  • Investment plan options from 1 to 3 years with intermittent 4 times withdrawal in the year
  • Minimum daily deposit of GH¢ 10.00
  • Access to school fees loan after 6 months of operation
  • Participation  in  child  amusement  events  to  be organized periodically by MF
  • Earn competitive interest rate of 10% per annum
  • Standing order option from other account of the parent with MF for free
  • Maximum withdrawal at each time should not exceed 90% of the balance
  • Birthday present from MF to account holder
  • Flexible deposit options (Daily, Weekly & Monthly)
  • Free account statement upon request

 

ASSOCIATION ACCOUNT

This is a hybrid account meant for all groupings, associations,
fellowships, unions be it religious (Christian, Islamic etc.)
sporting clubs, schools, social clubs etc to save and earn a
competitive interest at the same time enjoy great benefits.

FEATURES

  • Minimum deposit of GH¢ 20.00
  • Flexible deposit options (Daily, Weekly & Monthly)
  • Access to loan for capital expenditures (such as renovations, sports equipment, musical instruments etc.)
  • Access to loan to undertake religious pilgrimage such as to Mecca,Israel etc.
  • 30% of account balance can be used to secure a loan (as a Cash back)
  • Free  cash  pickup  by  our  trained  Relationship Officers
  • Enjoy MF's corporate social support
  • No account charges

 

DRIVERS' FRIEND ACCOUNT

This is an account created purposely to help people acquire
their own commercial vehicles; be it taxi or bus in a very easy
& affordable way. Even existing car owners can increase their
fleet of cars by signing up for this product.

FEATURES

  • Daily minimum deposit of GH¢20.00
  • 6 months contribution qualifies you to acquire a car, to be paid in 2 years
  • 30% cash back security for the car loan
  • Interest calculated on daily basis and credited monthly
  • Free cash pickup by our trained Relationship Officers
  • Free account statement upon request
  • Free gift of 1 spare tyre

 

SCHOOL SUPPORT ACCOUNT

This is a special account designed to cater for the growth and
developmental needs of schools as well as provide safe avenue for
saving their funds.

FEATURES

  • School fees collection at school premises
  • Staff of the school can access  up to 60% of their salary as salary- advance
  • Free staff salary processing
  • Enjoys MF's corporate social support (such as a washroom,signboard, speech and prize giving etc.)
  • Access to loan with 30% cash back security for capital expenditures
  • Free cash pickup by our trained Relationship Officers