H-COY SAVINGS ACCOUNT

H-COY SAVINGS ACCOUNT 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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Monthly payments limited to 48% of salary
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