Savings & deposits

Every kind of saving your members do.

Monthly contributions, withdrawable savings, target pots and fixed deposits, each with its own rules for withdrawal, security and borrowing power.

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Products

Products that say what they do.

Every product states, in the member's own terms, whether it increases their borrowing power and whether it can be pledged as security. Those terms are fixed onto the account when it opens, so changing the product later never changes what an existing balance counts for.

  • Eligibility shown per member, with the reason when they're not eligible
  • Version history on every product
  • Notice periods and early-withdrawal penalties set per product

Templates for every product you run

  • Monthly deposits (BOSA)

    Non-withdrawable; counts toward borrowing; can be pledged.

  • Withdrawable savings (FOSA)

    Front-office savings for everyday needs, where your society runs them.

  • Target savings

    School fees, festivals, equipment, with a notice period.

  • Fixed deposits

    A set term and rate, with any early-withdrawal penalty shown first.

  • Share capital

    Members' ownership, at your share price.

  • Junior savings

    Held with a guardian; moves to an adult product at 18.

Names, rates and rules are yours to set. Templates are a starting point.

Withdrawals

Told exactly what is holding the rest.

Before any withdrawal, Bridge produces a quote that explains each account: what's available now, and what's held: by guarantees given to other members, by the member's own loans, by a notice period, or by an early-withdrawal penalty.

  • Non-withdrawable deposits are never offered
  • Notice periods show the date funds become available
  • Penalties calculated before the member decides
  • Withdrawals over your threshold need a second officer

Example: member LTC/0142 with total savings of ₦512,000

available to withdraw today
₦40,000
can be pledged as security
₦232,000
counts toward borrowing
₦442,000

Three different numbers, because a target pot can be withdrawn after notice but can't secure a loan.

Contributions that look after themselves

Standing orders

Monthly contributions run on schedule, and any arrears reduce as they're paid.

Payroll check-off

Employers remit for all their staff in one payment; Bridge applies each deduction.

Pay on the rail

Members pay by bank transfer using their member number as the reference.

Payments & collections

Rewarded for the whole year.

Interest and rebates are calculated on time-weighted balances, so a member who saved all year is rewarded for all year, even when a junior member's savings move to an adult product mid-year.

Dividends & year-end

Set up your society on Bridge.

Register free, practise on sample data, and go live when you're ready. No sales call needed.

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