ZIS Savings Plan

ZIS Savings Plan Overview

Key Features:

• Joining Fee: R500
• Guaranteed Interest Rate: 18%
• Renewal Period: Every 12 months

Fees:

• Joining Fees:
  • To be paid via bank transfer or other non-cash methods. Do not pay in cash to any member of the Stokvel.
• Renewal Fee: R250 annually

Contributions:

• Minimum Saving: R500
• Contribution Multiples: Members can contribute in multiples of R500 (e.g., R500, R1000, R1500, etc.).

Member Benefits:

• Savings Card:
  • A Master/Debit Savings Card will be issued after 3 months of being an active member. This card will assist you in receiving money and also serve as a form of identification as a member of ZIS.

Penalties:

• Contribution Penalty: A penalty of R100 will be charged if the member does not pay the minimum contribution for any given month.

Maturity:

• Investment Maturity: The investment matures at the end of the selected savings period.