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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.
What's in it for you?
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 MK10,000 which is automatically split between the two pockets.
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Who is the Tsogolo Savings Plan for?
- Are you saving for a long-term (10-year) goal
- Want to be able to access your investment from time to time to cover emergencies? The short-term pocket is designed to cater for these needs specifically
- If you have the discipline for single monthly premiums
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Why choose Tsogolo Savings Plan?
Your long term investment is for ten years only but here's why you should choose Tsogolo Savings Plan:
Easy access
You can withdraw part of your short term pocket contributions twice a year without disturbing your savings plan.
Big on returns
Your savings in both the short term pocket and long term pocket are invested in financial investments that guarantee competitive returns.
An added bonus
At the beginning of March each year, an interim and final bonus is declared.
Want to know more about Tsogolo Savings Plan?
For more information on the Tsogolo Savings Plan and other products available, please use the Call Me Back button at the top of the page or call +265 891 002 010 or visit your nearest Old Mutual Branch.
You decide on how much you want to invest on a monthly basis, starting from as little as MK10,000. This amount is automatically split between the two pockets.
Investment Period - Your long term investment is for ten years only.
At the end of the maturity period or if death occurs before maturity, the amount paid out will be the total balance of both the long-term pocket and the short-term pocket. The payable balances are a total of premiums plus earned investment returns and bonuses fewer withdrawals and all charges.
The short term pocket earns returns based on the performance of investments. The long-term pocket earns bonuses at least annually also based on the performance of investments. The bonus on the long-term pocket is guaranteed to be at least 0%. There is a guarantee that no negative bonuses are declared on the long-term pocket.
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