This is a digital savings account that allows you to save towards specific goals and dreams. Customers define the amount they want to save and the savings duration. You are then free to top up on your savings bit by bit until you reach your targeted savings amount. The account earns interest on your savings and allows you fast access to your money, should the need for it arise. When you redeem your savings, the money is immediately credited to your main HF Whizz account with no waiting period.
Access HF Whizz menu on the app or dial *618#Select SavingsEnter PINOpen Target SavingsEnter Target Savings account name (Reason for saving e.g. School fees, Travel or Home Makeover)Enter initial amount to start with (minimum is Kshs.50)Enter target amount Enter duration (1, 3, 6 or 12 months)You will receive a confirmation from HFC.
It enables you to save towards specific goals and achieve your dreams.You earn attractive interest of 6.3% p.a. as you save!It enables you to top-up at any time until you achieve or exceed your target.It gives you flexible savings periods to choose from: 1, 3, 6 and 12 months. There are no monthly fees on your Target Savings account
Upon maturity, a notification will be sent to you via SMS from HFC informing you of the amount saved and the interest earned. You have the option of continuing to save through target savings or redeeming the money into your HF Whizz account.
You can open up to a maximum of 7 active target savings accounts.
Select the particular target savings you wish to top upSelect Top UpEnter AmountEnter HF Whizz PINYou will receive a confirmation from HFC.
Yes you can. The target savings account allows for multiple deposits throughout the entire saving period. Click on saving and choose the target savings account you want to deposit to and top up.
Select the particular target savings you wish to redeemSelect RedeemEnter Amount (if you do not want to redeem the whole amount saved)Enter HF Whizz PINYou will receive a confirmation from HFC
If you redeem your target savings before half the savings period that you set has elapsed, you lose your interest. However, if half the savings period has been attained, you will receive the interest due.We encourage you to retain the money to maturity so as to enjoy the interest earned.
Yes, you can view your statement at any time for free.Select the particular target savings you wish to have a view of the statementEnter HF Whizz PINStatement is displayed
Yes, your account is secure and password protected. You can view or access your target savings any time using your PIN which is only known to you.