Happy Installment Saving
NOA Happy Installment Savings Account is an interest earning account to set aside savings for your future. This account is an ideal way to accumulate funds for a down payment on your dream car, to open your own business, for your retirement plan, to send your children to college, or any number of potential uses.
YOU SET THE GOAL
You choose the contract amount, the term and the monthly deposit amount that fits your budget and plan. It is a simple and a safe way to provide for your planned expense.
*For details, please stop by or call one of our offices.
Saving can be a challenge. We are here to help you reach your goal by offering a flexible interest bearing installment savings account.
Interest Compounding & Credit Frequency
Interest will be compounded daily and credited to your account every quarter.
Interest does not accrue after maturity.
Minimum Opening Deposit
The minimum opening deposit is the amount of your first installment deposit and varies based upon your goal amount and term. The minimum goal contract amount is $1,000.00.
You may not make withdrawals from this account. If you choose to make a withdrawal then you must withdraw the total balance and close your account. Since the interest is calculated on the basis of an actual deposit, if you make a deposit before or after the due date, the Account balance and the goal amount may be different than your original goal amount.
Early withdrawal penalty may apply - 90 days interest.