Savings with One-by-One SACCO
Building a Secure Future Together
We believe that a strong savings culture is the cornerstone of financial prosperity. Our savings culture is to help you achieve your financial goals, whether you're planning for education, buying a home, starting a business, or securing a comfortable retirement.
Savings Products
1. Fixed Saving Accounts
This account helps members to put aside money for a specific period. Should one withdraw money from this account before the stipulated period, then the member will forfeit all the interest that his account would have accumulated. This account has 3 categories;
a) Medium Term
Money is deposited on this account for a period of 12months. It earns an interest of 8% pa compounded monthly.
b) Short Term
Money is deposited on this account for a period of 6 months a. It earns an interest of 4% pa compounded monthly.
c) Long Term
Money is deposited on this account for a period of 24 months. It earns an interest of 12% pa compounded monthly.
2. Regular Savings Deposits
- Minimum balance below which you cannot withdraw: Ugx 300,000.00
- Interest awarded pa: 3%
- Minimum deposit per month: Ugx.20,000
3. Regular Savings Students
- Minimum balance below which you cannot withdrawal: Ugx.10,000
- Minimum deposit per month: Ugx.20,000
4.Regular Savings Church Workers
- Minimum balance below which you cannot withdrawal: Ugx. 20,000
- Minimum deposit per month: Ugx.20,000
5. Regular Savings Children
- Minimum balance below which you cannot withdrawal: Ugx. 10,000
- Minimum deposit per month: Ugx.20,000
6. Regular Cumulative Savings
- Minimum balance below which you cannot withdrawal: Ugx. 300,000.00
- Minimum deposit per month: Ugx.100,000
7. Regular Savings Church Branch Members
- Minimum balance below which you cannot withdrawal: Ugx. 10,000
- Minimum deposit per month: Ugx.20,000
8. Children's Savings Account
This account helps members to put aside money for their children’s future use. Access to money on this account will be determined by the parent/ guardian. This account attracts an interest of 3% pa.
Requirements for the Children’s Account;
- 2 passport photos of the benefactor.
- 2 passport photos of the guardian