Our Services

ANGSL offers a mix of Savings, Loans, Fixed Term Deposit and Medical & Life Insurance Scheme products. ANGSL keeps forging partnerships to enhance membership privileges. From travel and accommodation discounts to 80% medical coverage, our members can save to spend and save on spending at the same time.

SAVINGS

We have eight savings products you can choose from. From personal savings to travel, we will help save for any occasion.

Personal Savings

• Minimum fortnightly contribution of K5
• Compulsory Savings Account
• No withdrawals permitted
• 2% interest paid annually

On Call Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account
• Transactional Account
• Minimum retain balance of K5
• 1.5% interest paid annually to account

Christmas Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account used as security to loans
• Withdrawals permitted in November and December
• Transactional Account
• 2% interest paid annually to account
• Minimum retain balance of K5
• K50 – Earn 100 points Destinations fortnightly

School Fee Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account used as security to loans
• Withdrawals permitted and paid directly to educational institutions

• Transactional Account

• Minimum retain balance of K5
• 2.75% interest paid annually to account

Life & Medical Savings

• Minimum fortnightly Contribution of K43
• Provides Life & Medical cover
• No withdrawals permitted
• Premium paid direct to Insurer
• K40.00 Earn 100 points Destinations fortnightly

Pikinini Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account
• Open only during parents membership term

• Minimum retain balance of K5
• 1.5% interest paid annually to account

Housing Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account
• Withdrawals permitted and paid directly to supplier of housing and building materials
• Transactional Account

• Minimum retain balance of K5
• 3% interest paid annually to account

Travel Savings

• Minimum fortnightly contribution of K10
• Optional Savings Account
• Transactional Account
• Minimum Account balance of K5
• 1.5% interest paid annually to account
• K30 – Earn 100 points Destinations fortnightly

LENDING

Loans

12% per annum. Interest rate is charged a 1% per calendar month on the unpaid or on a reducing loan balance of the existing loan.

Members can generally borrow against their savings (ration 1 : 1.5) whilst School Fees, Medical and Emergency loans can be considered on unsecured basis (ration of 1 : 2).

INVESTMENT

Fixed Term Deposit

• Three (3) Months @ 4.00% interest
• Six (6) Months @ 4.50% interest
• Optional Account
• Minimum deposit K500
• Maximum deposit K100,000
• Withdraw on maturity date
• Direct Deposit

Membership Discount Benefits

Through our partnerships, our members have the benefit of discounted purchases with these partners.