MCCU Golden Harvest Savings Plan
Transcript of MCCU Golden Harvest Savings Plan
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GOLDEN HARVEST SAVINGS PLAN
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A savings plan that enables you to: Save for a specific goal Save for a specific period of time Have funds to achieve your dreams
It also has an insurance component that enables you to achieve your saving goal even if you die or become disabled before you reach your goal
WHAT IS IT?
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Identify a goal◦Buy a house◦Buy a car◦Go on a cruise◦Education for self or child◦Retirement
Set your savings target
HOW DOES IT WORK?
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Set the timeframe to achieve your target – Between 1 and 10 years
Sign the contract
Start paying your monthly installments
HOW DOES IT WORK?
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The Credit Union insures the unsaved portion of your goal
If you should die or become permanently disabled before you reach your goal, you or your beneficiary will get the total saving goal
HOW DOES IT WORK?
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Helps you climb the ladder to financial success
It ensures your goal is met even if you are unable to save towards your goal because of death or permanent disability
Insurance on the unsaved portion of your goal is at no direct cost to you.*
* Conditions apply
BENEFITS
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Interest rate is 10% per annum
No minimum savings goal
No minimum monthly savings
Maximum savings goal determined by the contract the credit union has with the insurers
BENEFITS
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IT’S TIME TO REALIZE YOUR DREAMS. OPEN YOUR GOLDEN HARVEST SAVINGS PLAN FIRST THING TOMORROW MORNING.