Savings Services

A. Regular Savings Deposit

This deposit is opened by 18 years old above and withdrawable anytime during office hour. A flexible way to manage your daily finances with ease.

B. Special Savings Deposit

1. In Trust Fund Deposit Opened for minors. Withdrawable when the child reaches 18 years old.
2. Anniversary Savings Purpose-built for celebrations. Withdrawal 1 week before the date.
3. Birthday Savings Finance your special day. Withdrawal 1 week before the birthday.
4. Pangarap Savings For future dreams. Withdrawal after target savings goal is met.
5. Health Care Savings For medical/dental needs during family hospitalizations.
6. Emergency Savings For accidents, pandemics, or calamities. Restricted to urgent needs.
7. Retirement Savings Dedicated funds for your golden years or non-employment.
8. Business Savings Active capital for business ventures. (1-year minimum maturity).
9. Specific Purpose For unique goals not covered elsewhere. (1-year minimum maturity).
10. Charity/Help Set aside to help those in need. (1-year minimum maturity).

C. Savings Plan

• Five-year Savings Plan 1
• Purpose Savings Plan 3

D. Time Deposit

Regular Time Deposit: Deposits with a duration of not more than one year.

Special Time Deposit: Duration over one year with higher interest rates. Interest can be withdrawn monthly.

E. Youth Savings Deposit

1. Term Investment Account: Intended as future share capital. Withdrawable at age 21.

2. Dream Start-Up: For ages 0-9 to fund future education. Withdrawable at age 13.

3. Brilli-Ant Account: For ages 10+. Daily allowance savings to instill financial discipline.

The Purpose of the Laboratory Cooperative:
A training ground for children and youth, the future members of Lagawe MDC. We engage them in activities like parliamentary affairs, educational visits, and entrepreneurial training to teach thrift, instill cooperative values, and build leadership skills for sustainable development.