H-Coy Savings Account
Savings Products
This is a savings product extended to children below 18 years belonging to active SACCO members with an intention of instilling a saving culture in them, enabling a smooth education journey through saved school fees and meeting general basis needs of the child of Exodus SACCO members for their welfare.
Characteristics of Ordinary Savings Account
This is a savings product extended to children below 18 years belonging to active SACCO members with an intention of instilling a saving culture in them, enabling a smooth education journey through saved school fees and meeting general basis needs of the child of Exodus SACCO members for their welfare.
| Characteristic | Description |
|---|---|
|
Initial deposit |
UGX 20,000/= |
|
Minimum balance |
UGX 20,000/= |
|
Share |
5 Shares |
|
Maximum saving period |
Until 18 years |
|
Deposit frequency |
Monthly |
|
Interest on savings |
4% p.a. tagged to 12 deposits in a year and paid at year end. |
|
Minimum monthly deposit |
5,000/= |
|
Access to withdraws |
Maximum thrice a year |
|
Other requirements |
Birth certificate of child, 2 Passport Size Photographs
for both parent & child. |
|
Entrance fee |
FREE |