Savings
Interest Rate
4.00% per annum
Minimum Balance
20,000
Product Tag
Families
About This Product
The H-COY Savings Account is designed specifically for children below 18 years of age of SACCO. It helps teach children the value of saving from an early age and allows parents to set aside funds for their children's future.
Product Features
- Minimum balance of UGX 20,000
- Member withdraws thrice a year
- No monthly maintenance fees
- Member contributes monthly
- No monthly maintenance fees
- Helps build savings culture in children
- Member forgoes interest benefit in case he withdraws before maturity
- Voluntary
Requirements
- Parent/guardian must be a registered SACCO member
- Child's birth certificate
- Passport-sized photographs of the child
- Minimum initial deposit of UGX 5,000
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0326211320
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Plot 175999, Katalima Road, Naguru, Police HeadQuaters,Kampala.
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