A single mother has chosen to deposit her savings into a Eda Supa savings account.
Eka Elma Posu from Isapea in the Gulf Province approached the National Superannuation Fund (Nasfund) after reading and hearing about the EDA SUPA Savings Account that could enable individuals who are not contributing but have the determination to save for the long haul.
The EDA SUPA account provides a retirement savings account for individuals like Posu who can voluntarily deposit from as low as K20 whenever they wish to and at the same time enjoy the benefits that contributing members do, especially, earning additional interest on top of their savings at the end of the year when the fund announces its annual profit.
Ms Posu deposited K20, 000 last week after a follow up of consultations with the fund’s business development team.
Posu said that she was looking for ways to save her money but wasn’t sure where to do so until she came across what she was looking for with the EDA SUPA savings product.
She can now use her membership ID card to purchase goods at discount rates through the membership discount program and can also join the NASFUND Savings and Loans Society that provides members the option for her short term financial needs.
“I am now relieved to have opened an account and look forward to seeing my money grow and I would also encourage others who are like me to join,” she said.
NASFUND’s EDA SUPA retirement account currently has 2, 946 members.