Savings product builder
Define product types with minimum balances, interest rates, tenure rules, and fee structures without code changes.
All products
Savings Module
SavingsManagement
Support savings products, deposits, withdrawals, interest calculations, and account management.
PRIMAX Platform Module
Overview
What Savings Management delivers
Configure and operate savings products with flexible interest rules, transaction controls, and full account histories. PRIMAX Savings Management supports the deposit products that anchor most African financial institutions — from voluntary savings to compulsory member contributions.
Features
Savings Management features
Detailed capabilities built into this module to support regulated banking operations across Africa.
Deposit & withdrawal processing
Post cash and electronic deposits and withdrawals with real-time balance updates and receipt generation.
Interest accrual engine
Automate daily or periodic interest accrual with configurable posting schedules and reversal support.
Account statements
Generate on-demand and scheduled statements showing transactions, balances, and interest earned.
Dormancy & fee rules
Apply dormancy policies, maintenance fees, and account closure rules based on institution-defined thresholds.
Ledger integration
Every savings transaction posts automatically to the general ledger with full double-entry traceability.
Capabilities
Core capabilities
Everything Savings Management includes to support your institution's daily operations.
Configurable savings product types and interest rules
Deposit, withdrawal, and transfer processing
Automated interest accrual and posting schedules
Account statements and transaction histories
Minimum balance, dormancy, and fee rule enforcement
Integration with ledger for real-time balance updates
Benefits
Why institutions choose this module
Operational outcomes that matter for regulated financial institutions across Africa.
Flexible product design
Launch savings products tailored to your institution without custom development.
Accurate interest handling
Automate accrual calculations and posting with full audit visibility.
Operational efficiency
Process deposits and withdrawals across branches with centralized reconciliation.
Related Modules
Works seamlessly with
PRIMAX modules share a unified ledger and operational layer — these modules complement your setup.
Customer Management
Manage customer onboarding, profiles, KYC records, account relationships, and customer lifecycle operations.
Learn moreGeneral Ledger
Maintain accurate double-entry accounting across all financial activities.
Learn moreLoan Management
Manage loan applications, approvals, disbursements, repayments, restructuring, and collections.
Learn moreReady to find your solution?
Talk with our team about the right PRIMAX configuration for your institution — from sandbox to production.