GROUP SAVINGS ACCOUNT

About This Product

The Group Account offers a structured savings solution for organized groups of up to 30 members. It promotes collective saving and provides a solid foundation for group financial activities and future borrowing from the SACCO.

What You Get

• Interest rate of 8% per annum
• Joint control with multiple signatories
• Access to group loans after 6 months of regular saving
• Regular statements and account monitoring
• Option for automatic standing orders from members
• Support for group financial planning

What You Need

Have these ready — it makes the process quick and easy.

1. 1 Group registration certificate
2. 2 Group constitution or bylaws
3. 3 Minutes showing resolution to open account
4. 4 List of members with signatures
5. 5 Joint account signatories (at least 3)
6. 6 Initial deposit of UGX 300,000