FAMSA
FAMSA is a family savings product designed to help families save towards shared financial goals, promote financial discipline, and build long-term financial security
FAMSA product category
FAMSA GOLD
Minimum savings of ₦50,000.00 @ 12% interest rate
FAMSA SILVER
Minimum savings of ₦25,000.00 @ 10% interest rate
FAMSA BRONZE
Minimum savings of ₦10,000.00 @ 7% interest rate
Benefits
High interest rate
End of year corporate gift
Free mortgage advisory service
Access to mortgage facilities
Group savings
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answers
FAMSA (Family Savings Account) is a savings product designed for families to save collectively towards specific financial goals while encouraging financial discipline and wealth creation.
FAMSA offers three categories: Gold, Silver, and Bronze, each with different minimum savings amounts and interest rates.
FAMSA Gold requires ₦50,000 at 12% interest, Silver requires ₦25,000 at 10% interest, and Bronze requires ₦10,000 at 7% interest.
Members enjoy high interest rates, end-of-year corporate gifts, free mortgage advisory services, access to mortgage facilities, and group savings support.
Yes, FAMSA provides members with mortgage advisory services and access to mortgage facilities to support home ownership.
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