Savings Accounts

RIDO Sacco by nature of its registration is mandated to mobilize savings from its members
and below are major products we are currently providing to our members.
These products include but not limited to;

For Individual savings, the minimum account balance is shs 10,000 and 30,000 for groups, institutions/corporate savings.

Minimum savings on fixed deposit is 300,000. Interest on fixed savings accounts ranges from 12%, to 18% per annum; members are encouraged to save whenever at any time not less than 5,000 per month. And 6% p.a is paid on minimum balance for other savings apart from compulsory savings which attract zero interest.

Individual Accounts.
 2 Passport photos
 Photo copy of National ID
 At least one share of 10,000 ugx
 Savings 10,000 ugx
 Membership fee 10,000 ugx
 Development fee 10,000 ugx
 Stationary 5,000 ugx

GROUPS& INSTITUTIONS A/C s
 3 signatories with 3 passport
photos each member and photocopy of national ID
 Photo copy of minutes ,reg. certificate& resolution to open a/c.
 Two share 20,000
 Membership 30,000
 Stationary 5,000
 Development fee 10,000

MINORS ACCOUNT
 Photo copy of an ID .
 Must be below 18 years.
 2 passport photos
 Membership fee of 10,000
 Stationary 5,000
 Development fee 10,000 ugx
 Minimum savings 10,000 ugx