Goal Account features

General Features

Goal Account is a feature in the Liv app that allows retail customers to set aside funds that will earn interest.
To use all functions of Goal Account, one must log into the Liv app since that is the sole channel for financial services by Liv
When customer puts money into their Goal Account, money gets deducted from the Primary Account that the customer holds with Liv
Transfer happens immediately.
Funds can be transferred back to the Primary Account at any time
Any funds deposited in a goal account Goal Account are held by Liv
There are no minimum balance criteria on the Goal Account.
Goal Accounts can only transact to and from the Primary Account.
Transfers, Bill Payments, POS transactions are all features that are not available on Goal Accounts.
The Goal Account will be subject to these special features and the Bank’s terms and conditions

All information for interest and calculation method of interest is available on the Goal Account Key Facts Statement.
Up-to-date interest rates are always shown in the Interest Rate Schedule on the Liv app.
Liv does not charge you any fees to use Goal Accounts

Customer can download a free statement of account at any time via the Liv app
Each Goal Account is a separate savings account and will have a separate account statement

A goal account can be closed at any time. There are no early closure charges for Goal Accounts.
If a Goal Account is closed, the funds from the Goal Account get transferred to the Primary Account.