A a simple yet flexible saving plan that offers two savings pockets as part of one plan, with a single monthly premium. Each plan has a long term pocket and a short term pocket which allows you to build up funds for your future financial goals, as well as giving you access to your money for immediate needs.
Tsogolo Savings Plan secures 80% of your money in the long term pocket while allowing you to use 20% from the short term pocket to build towards your dream. You can choose your total monthly premium, starting from as
little as K5000 which is automatically split between the two pockets.
Who is this Plan for?
Tsogolo Savings Plan is ideal if you:
- Are saving for a long-term (10 year) goal.
- Want to be able to access your investment from time to time to cover emergencies.
Features and Benefits
1. Accessibility - You can withdraw part of your short term pocket contributions twice a year without disturbing your savings plan.
2. Competitive Investment Returns - Your savings in both the short term pocket and long term pocket are invested in financial investments that guarantee competitive returns.
3. Bonus - At the beginning of March each year, an interim and final bonus is declared.
4. Guarantee - At the end of the maturity period or if death occurs before maturity, the amount paid out will be at least the net long term pocket premiums that you have paid less withdrawals and all charges.
5. Investment Period - Your long term investment is for ten years only.
How much does it cost?
You decide on how much you want to invest on a monthly basis, starting from as little as K5000. This amount is automatically split between the two pockets.
More Information
For more information on the Tsogolo Savings Plan and other products available, please visit your nearest Old Mutual branch, call us on +265 (0) 1 820 677, send us an or speak to your sales agent.