Flexi Savings Plan
Save on Your Own Terms
The Flexi Savings Plan offers the ultimate freedom in wealth building. Tailored exclusively for individuals with variable incomes or dynamic financial goals, this unique plan empowers you to deposit any amount, at any frequency, while your interest accrues on a daily basis. Grow your savings without being tied to rigid installment schedules.
Key Attributes & Rules
Deposit Flexibility
Start with a minimum of Tk. 5,000 (up to Tk. 5 million). After that, deposit any amount at any frequency in multiples of Tk. 1,000.
Daily Accrual
Make every day count. Your interest is calculated and accrued on a daily basis and conveniently credited to your account every quarter.
Withdrawal Freedom
Need access to cash? You are allowed to withdraw up to 25% of your balance after 6 months (maximum 2 withdrawals allowed per term).
Account Structure
Designed exclusively for individuals. You can open one account (singly or jointly) for a 1-year term, which is renewable at the prevailing rate.
Encashment Policy
Early encashment before 3 months is not allowed. If you encash after 3 months but before maturity, your interest will be calculated at a 2% lower rate.
Loan Advantage
Leverage your savings. Avail a loan of up to 90% of your deposit (minimum balance Tk. 100,000) at just 2.5% above the deposit interest rate.
How It Works
Start saving with complete flexibility in three easy steps.
1. Open Your Account
Submit your initial deposit (min. Tk. 5,000) via account payee cheque to establish your 1-year Flexi Savings account.
2. Deposit Anytime
Whenever you have surplus funds, simply deposit any amount (in multiples of Tk. 1,000) at your convenience.
3. Watch It Grow
Enjoy peace of mind as your interest accrues daily and credits quarterly, with options to renew annually.
Ready to enjoy flexible savings?
Opening your Flexi Savings account with Union Finance is simple, fast, and secure. Review our standard requirements and start your financial journey today.
View Account Opening Instructions