Voluntary Savings Account
This account allows members to save money voluntarily and withdraw when needed. It helps members build a saving habit and access funds for personal or business needs.
Fixed Savings Account
Members deposit money for a fixed period of time without withdrawal. This account encourages long-term savings and helps members accumulate capital.
Minor Account
This account is opened for children under the age of 18 and is managed by a parent or guardian. It encourages young people to develop a culture of saving.
Associate Account
This account is designed for individuals who want to associate with the SACCO services but may not yet qualify for full membership.
Share Savings Account
Members contribute share capital, which represents their ownership in the SACCO. Share savings strengthen the SACCO’s financial base and give members voting rights.
Joint Account
A joint account is opened and operated by two or more individuals together, allowing them to save and manage funds collectively.
Individual Account
This account is opened by one member for personal savings and financial transactions with the SACCO.
Group Account
This account is designed for community groups, associations, and savings groups to manage their collective savings and financial activities.
Institutional Account
This account is opened by organizations, institutions, churches, schools, and companies to manage their funds and savings with the SACCO.