Do you want to save for your child’s education? Or give their entrepreneurial spirit a boost? You can even start making your own dreams a reality right now with the help of the Savings option on ANY existing Shield product or the Next Generation Legal Shield product.
The Savings option offers you the potential to earn exceptional returns on your money with a 10.5% interest rate p.a. that is calculated and added to your savings monthly. Expose yourself to the power of Compound interest! Compound interest is interest calculated on the initial savings amount and also on the accumulated interest of previous periods of your savings (you earn interest on interest)
What will your payment be?
Achieving your life goals can start with as little as N$100 per month for an investment term of five years or longer. Should you receive a bonus, you can add this to your current savings as a lump sum.
What is the term?
After the initial term (minimum five years) your investment continues open-ended, which means that you can continue your investment until you eventually decide to claim the proceeds. You can also decide to withdraw your saved money together with interest at this time.
How accessible is your money?
Your investment is very accessible should you urgently need money. Once your investment has accumulated value, use your plan as security to apply for a Trustco Bank loan; withdraw a portion of your investment up to 80% of the value of your savings (this is allowed only once in the five-year term); or terminate your plan to receive the cash value*.
The Savings option offers you an affordable investment, easy to understand and completely flexible.
Don’t just dream it… save for it!!!
*Terminating your savings before the five-year term, will result in you forfeiting the initial 10,5% interest. You will only receive the going rate of banking interest.