Savings

How do I create a savings goal?

Click GoalsĀ then click New Goal. Name your goal. Pick the goal type (flexi or fixed). Set the amount of money you want to save. Set the target date for achieving the goal. Set the date to begin saving. Pick your saving frequency (daily, weekly or monthly). Pick the account money will be saved from. Click…

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Savings

Can I delete a goal?

Yes, but if you delete a goal before it is completed, you will lose all the interest you have earned and accrued.

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Savings

What’s the difference between interest earned and interest accrued?

Interest earned is the interest paid on your savings at the end of the month. Interest accrued is the daily interest accumulated on your savings which is paid out at the end of the month.

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Savings

Is there a penalty for withdrawing my savings before I reach my goal?

Yes, you will forfeit all interest earned and accrued.

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Savings

What is the difference between a Fixed goal and a Flexi goal?

A Fixed goal is for highly disciplined savers who can commit to a strict savings schedule or for goals that require a strict schedule. Withdrawals from a Fixed goal cannot be made till the goal is met. A Flexi goal is for less disciplined savers or for non-rigid goals. It allows withdrawals of up to…

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Savings

What does the Goals feature do?

The Goals feature helps you set and meet a savings target based on a saving schedule you set. Schedules can be daily, weekly or monthly.

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