H-COY SAVINGS ACCOUNT

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.

What You Get

• 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

What You Need

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

1. 1 Parent/guardian must be a registered SACCO member
2. 2 Child's birth certificate
3. 3 Passport-sized photographs of the child
4. 4 Minimum initial deposit of UGX 5,000