SPECIAL SAVINGS ACCOUNT

A depositor earns an interest rate of 7.5% per annum for monthly remittance and 6.5% per annum for one-time remittance.
Each account shall have a term of five (5) years. This means that all accounts reaching five (5) years shall be withdrawn together with the accumulated earnings at least one payday after the maturity.
A depositor who wish to renew the investment is still allowed to redeposit the fund they wishes. It shall undergo the same process as new deposit.
The depositor shall deposit monthly at any denomination they liked or do a one-time deposit but with interest 1% lower. Any unmaintained account for successive three (3) months, except for one-time remittance, shall be automatically considered dormant. The interest of the said account shall not be computed or is frozen during the period of dormancy only until such account is reactivated.
To reactivate the account means to continue depositing in it. And dormancy does not extend or prolong the term or maturity, the months the account was inactive is still counted in the term. This means that the deposited amount shall only be withdrawn after its maturity with the eared interest except during the period it was frozen.
In case of loss of passbook, notify the coops at once, an affidavit of loss is required. Payment of One Hundred (100) pesos for new passbook.

Approved application for membership.
Certificate of completion of the prescribed Pre-Membership Education Seminar (PMES).
Subscribed and paid the required minimum share capital and membership fee.
Certification of the immediate superior that he/she is employed within DepEd, Division of Sultan Kudarat.

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