Here's everything you need to know before you create a Flexible Savings plan:
Save daily, weekly or monthly toward a goal and earn annual interest.
If you withdraw more than 20% of the amount you set as your savings goal, you will only get the principal (the amount you started the plan with). All the interest you've accrued will be lost.
You will lose interest for a specific month if you withdraw more than 20% of your savings target.
We will debit your Spend account and credit your Flexible Savings plan immediately you create the plan.
We will credit your Spend account immediately you confirm withdrawal from your Flexible Savings plan.
In line with government regulations, we will subtract 10% of your accrued interest as withholding tax before payout on your plan's maturity date.
To create a Flexible Savings plan:
Tap the Save button on your Kuda dashboard.
Tap Add Pocket
Tap Frequently and Create Pocket
Enter a Pocket Name. You can also link your savings to a product
Tap Next
Tell us more about the Pocket you want to create. We'll show you the interest you'll earn.
Tap Next to see a summary of your Flexible Pocket.
Tap Restart to start again and Tap Create to proceed