GENERAL WEALTH SAVINGS ACCOUNT (GWSA)

Account Purpose

This is a transactional account that can be used to receive and make payments. A savings account for all persons aiming at accumulating wealth and improving their wellbeing. The account is suitable for walk-in customers and salaried employees.

GWSA HAS THE FOLLOWING CHARACTERISTICS:

: 1. A customer earns an annual interest.
- Wealthnet pays an interest of 4% per annum.
2. Withdrawals from the account.
- This account allows five free over the counter withdrawals per month and K200 charge on each extra withdrawal.
3. Book Balance.
- Minimum book balance is K1,000.
4. Account Closure.
- Account closure charge within 6 months is K7,000.00.
- After 6 months, the account closure charge is K5,000.00.
5. Account Statement.
- Printed Statement charge is K600.00 per page.
6. Monthly service charges.
- Monthly service charge is K500.00.
7. Access to Wealthnet Loans.
- A customer can access Wealthnet loans if the account shows active transactions and that the account is at least six months old.
8. Kakupay Account.
- The customer is given a free KakuPay Smart Money Mobile Wallet (with KakuPay Wallet, the customer is able to deposit or withdraw money from our agents across the country). In order to access KakuPay, a customer is required to dial *3008# on either TNM or Airtel number or login using www.kakupay.com

SMART WEALTH SAVINGS (SWS)

Account Purpose

SWA is a savings account for small business owners that want to access a business loan from Wealthnet.

Account Suitability

The account is suitable for the following:
• Start-up entrepreneur/individuals
• Business sole proprietor
• Partnership
• Registered company limited by shares
• Registered company limited by guarantee
• Economically active individuals
• Cooperative society
• Churches
SWS ACCOUNT HAS THE FOLLOWING CHARACTERISTICS:
• Annual interest a customer earns:
-Savings earn interest of 8% per annum
• Withdrawals from the account:
-This account allows 10 free over the counter withdrawals per month and K200 charge on each extra withdrawal
• Overdraft Facility:
-Account cannot be overdrawn
• Account Closure:
-Account closure charge within 6 months is K7,000.00. After 6 months, the account closure charge is K5,000.00
• Account Statement:
-Printed Statement charge is K500.00 per page
• Monthly service charges:
-Monthly service charge is K1,000.00 • Access to Wealthnet Loans:
-Businesses that want to get a loan from Wealthnet Finance must keep this account active for a period of at least six months
• Book Balance:
-Minimum book balance is K5000.00
• Kakupay Account:
• The customer is given a free KakuPay Smart Money Mobile Wallet (with KakuPay Wallet, the customer is able to deposit or withdraw money from our agents across the country). In order to access KakuPay, a customer is required to dial *3008# on TNM or Airtel number or login using www.kakupay.com

BENEFITS OF FIXED DEPOSIT

• The customer automatically qualifies to get a fast emergency short-term loan if the fixed deposit is at least a month old. The fixed deposit account is used as security for the loan. The customer can get up to 80% of the fixed deposit principle amount. Note that the loan term does not exceed the period of fixed deposit
• If a twelve month fixed deposit has run for at least 3 months, a customer qualifies to get a loan equivalent to double the fixed deposit principle amount (2 times your fixed deposit). Note that this loan opportunity depends on your affordability (Terms and conditions apply)

Categories of fixed deposits

• WEALTHNET PAMAWA TREASURE- ONE MONTH FIXED DEPOSIT:
  • A customer saves for the period of one month and can only withdraw at the end of that period.
  • A customer earns an interest of 13.5% per annum
• WEALTHNET PAMAWA- TREASURE TWO MONTHS FIXED DEPOSIT
  • A customer saves for the period of two months and can only withdraw at the end of that period
  • A customer earns an interest of 13.5% per annum
• WEALTHNET PAMAWA- TREASURE-THREE MONTHS FIXED DEPOSIT :
  • A customer saves for the period of three months and can only withdraw at the end of that period
  • A customer earns an interest of 13.5% per annum
• WEALTHNET PAMAWA-TREASURE SIX MONTHS FIXED DEPOSIT :
  • A customer saves for the period of twelve months and can only withdraw at the end of that period
  • A customer earns an interest of 13.5% per annum
• WEALTHNET PAMAWA-TREASURE TWELVE MONTHS FIXED DEPOSIT :
  • A customer saves for the period of twelve months and can only withdraw at the end of that period
  • A customer earn an interest of 13.5% per annum