This account enables members to save for a short period and get a competitive return, as withdrawal from the account is twice a year, at intervals of 6 months.
i) Project savings account
ii) Biannual withdrawal
iii) Competitive Interest rates
iv) No fees for closing the account
N/B: All FOSA savings can be used as loan collateral provided a dully signed lien by
the member is marked on the savings. (The savings will be locked during the loan tenure)