Dear Members,
The current Subscription-To-Savings Scheme (STSS) Series 9 & Series 12 will mature on 31 October 2023.
Members who have successfully completed the 4-year term under STSS Series 9 and 2-year term under STSS Series 12 have been invited to participate in the rollover or replacement STSS Series 17 and Series 18 respectively. Refer to note below for full details of the two Series.
The deadline for members to state their interest in participation are:
If the Society does not receive a reply from invited member by 5.30pm, 29 September 2023, he/she will be deemed to be not interested in participating in STSS Series 17 and Series 18 and the principal amount shall be returned and credited into members’ bank accounts that are registered with the Society on 1 November 2023.
NOTE
Terms and Conditions for STSS Series 17 and Series 18
In the event of an early withdrawal from the STSS by a member before the maturity of term, the following interest rates would apply to the principal sum deposited with the Society:
Please click on the links below to view or download the followings:
- STSS Series 17
(a) Administrative Rules Governing STSS Series 17; and
(b) Annex A to Administrative Rules Governing STSS Series 17.
- STSS Series 18
(a) Administrative Rules Governing STSS Series 18; and
(b) Annex A to Administrative Rules Governing STSS Series 18.
Last Updated on September 5, 2023