Target Savings Account
Savings Products
This is a basic savings account that each member of the SACCO must have upon entry.
Characteristics of Ordinary Savings Account
This is a basic savings account that each member of the SACCO must have upon entry.
| Characteristic | Description |
|---|---|
|
Interest Rate |
3% p.a. flat rate |
|
Minimum balance |
UGX 50,000 |
|
Contribution frequency |
Monthly or lump sum |
|
Target Time |
Until exit from the SACCO |
|
Withdraw |
At will |
|
Penalty (If withdraw before maturity) |
Foregoes the interest benefit. |