Ordinary Savings

• These savings are not withdrawable.
• Savings must be made monthly with the exception of pensioners and seasonal employees when they are out of contract.
• Minimum savings of E300 per month.
• Interest on savings shall be determined by the financial performance of the Society.
• Annual savings shall not be less than E3,600 for active members and if such happens, such balance shall be deducted from the annual interest payment and credited to the savings account. Member shall be paid the remaining balance.

lngungu Savings

• These savings may be withdrawn at any time in part or in full.
• Interest on savings shall be 5% per year calculated monthly on the balance.
• These savings are:
  • School savings
  • Farming savings
  • Holiday savings
  • Christmas savings

Fixed Savings

• These savings shall be kept with the Society for a minimum period of 12 months.
• Interest on savings shall be 7% per annum.
• If member  decides to withdraw savings before the lapse of the fixed period, penalty of 5% of the amount being withdrawn shall be levied.
• The penalty shall be deducted from the amount being withdrawn.

Pensioners' Savings

• These are savings for members who have proceeded to retirement
• These savings are not withdrawable.
• Pensioners shall make minimum annual savings of E1,200.
• Interest shall be determined by the financial performance of the Society.
• If the annual savings are below the E1,200, such balance shall be deducted from the annual interest payment and credited to the savings account Member shall be paid the remaining balance.

Juniors' Savings

• These are savings for children up to 21 years.
• Birth certificate shall be submitted on application
• Joining fee of E100.
• Minimum monthly savings of E50.
• These savings are withdrawable.
• Maximum of two withdrawals are allowed per year.
• Withdrawals shall be deposited to the child's bank account
• Interest on savings shall be 5% per annum and shall accrue monthly.