Member Investments

Ika Ni Yabaki Investment

This is a savings account
Members can choose to deduct a certain amount every fortnight for this account (apart from loan and share deduction).
The savings account can only be withdrawn once a year, which will be on January every year.
January-June The savings account is added with a 6% interest and 3% if you join in july - Sept 3%.
The main purpose for this savings is to meet members needs during the start of the school year.

Na I Vavakada Investment

This is a savings account.
Members can choose to deduct a certain amount every fortnight for this account (apart from loan and share deduction) or make a whole sum investment.
The savings account can only be withdrawn after two years.
After 2 years Members can keep Vavakada fund as long as they want and get annual interest of 6.5%.

Na I Lololo Investment

Special Interest Rate for Retired FTA Members.
This is directed towards retired members and information to those that are about to retire.
Automatic FTACTL member with subs paid by FTACTL to RFTA.
Minimum amount for reinvestment should be $2000 and <$1mil.
Dividends reinvested shall be added to principal amount invested.
50% loan against amount invested, with 5 % interest.