- +234 703 486 3397
- support@nmc.org.ng
- Mon-Fri 8am - 6pm
Why Choose
Fixed/Term Deposit Savings?
Ideal for lump sum investments over a set period say 6/12 months.
Earns higher fixed interest rates.
Higher returns for patient savers.
Funds locked until maturity.
Duration: 3, 6, or 12 months.
Encourages long-term saving.
Ideal for members with surplus funds.
“It made the idea of paying monthly dues at meetings more rewarding.”
Ugo Mpamugo
Features
- Higher interest rates than regular savings.
- Locked in for a specific term (e.g. 3, 6, or 12 months).
- Not withdrawable until maturity.
Benefits
- Encourages long-term saving.
- Ideal for members with surplus funds.
Requirements
- Must be a registered member of Ndoro Multipurpose Cooperative Society – complete application form and pay the registration fee of N11k which doubles as the initial share capital (5000 shares @) N1 per share), registration fee – N1,000.00, mandatory savings – N4000 and mandatory monthly dues – N1000)
- Fill application form
- Commit to Terms and Conditions.
Final Notes for Members
All savings products are backed by the cooperative’s rules and policies.
Members can operate multiple savings plans simultaneously.
Withdrawals, interests, and penalties are subject to agreed terms and conditions.
Mobile/online banking options are available for easier access.
Want to be part of this?
Other Savings Products
01
Ndoro Special
Savings, NSS
This is designed to assist participants to pool resources towards constructions or outright purchase of property.
02
Ndoro Target
Savings, NTS
Product designed to enable operators meet specific financial obligations towards festive seasons like Easter, Christmas, & periodic payments like school fees etc.
03
Ndoro Contributory
Savings, NCS
A basic savings product where members contributes N5k monthly to earn dividends and qualify for a loan amount up to 200% of contribution.
04
Special Investment
Savings
A savings product tied to cooperative investment projects (e.g. real estate, agriculture, or bulk trading).
