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  • Movit road, Zana, Bunamwaya Off Entebbe Road, Kampala
  • Opening: Monday - Friday (8AM - 5PM)

Savings Products

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Savings Products

1. Monthly Mandatory Savings Account.

This account is majorly for salary earners and any other individual who may wish to have a defined monthly saving.

Requirements Benefits
  • Filled Membership form.
  • National ID and 2 passport size photos.
  • Opening fee 10,000=
  • At least 10 shares equivalent to 100,000=
  • Monthly saving of at least 5% of basic revenue.
  • Minimum saving 50,000=
  • Savings earn attractive interest annually.
  • Shares earn dividends annually.
  • Open access to 30% of savings once annually.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and can also guarantee a loan.

2. Voluntary Savings.

This is an account owned by a legitimate natural person opened to save money for his or her daily business operations.

Requirements Benefits
  • Filled Membership form.
  • National ID and 2 passport size photos.
  • Opening fee 10,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 20,000=
  • Minimum savings balance 50,000
  • Savings earn attractive interest annually.
  • Shares earn dividends annually.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and can also guarantee a loan.

3. Joint Savings account.

This account gives privilege to 2 persons to hold joint shares with MESACCO, they subscribe shares, save and obtain loan like any other natural person.

Requirements Benefits
  • Filled Membership form.
  • National IDS and size photos for the 2 members.
  • Signature Mandate letter.
  • Opening fee 15,000=
  • At least 10 shares equivalent 100,000=
  • Minimum monthly deposit 40,000=
  • Minimum available savings balance 100,000=
  • Savings earn attractive interest rates.
  • Shares earn dividends.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan however not acceptable to guaranteeing a loan.

4. Group savings account

This account gives privilege to informal group of persons to hold shares with MESACCO, they subscribe shares, save and obtain loan like any other natural person.

Requirements Benefits
  • Filled Membership form.
  • 2 passport size photos (Signatories).
  • National IDS for signatories (Aged 18 years of age).
  • Minutes and Constitution/Byelaws.
  • Mandate letter & members list attached.
  • Registration Certificate (Sub County level).
  • Opening fee 20,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 100,000=
  • Minimum savings balance 150,000=
  • Savings earn attractive interest rates.
  • Shares earn dividends.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan.

5. Fixed deposit account.

As a complementary investment strategy for our members, we have a fixed deposit account where money can be fixed   to earn fixed interest.

Requirements Benefits
  • The minimum required balance is 5,000,000= with unlimited maximum.
  • The minimum period for fixing is 6 months with an unlimited maximum period
  • Doesn’t require extra share subscription
  • Earns attractive interest rates.
  • Withdrawable at close of specified time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan and guaranteeing a loan.

6. Junior savings account.

Parents and guardians can save for their children for future education and nurture in them a saving culture at an early age, the age for this product ranges from 0-18 years of age.

Requirements Benefits
  • Filled Membership form
  • 2 passport size photos (Guardian & Child)
  • National IDS both Guardian & Child
  • Opening fee 5,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 10,000=
  • Minimum savings balance 10,000=
  • Guardian to control the account
  • Attractive interest on savings annually.
  • Attractive Dividends annually
  • Free withdraw twice a year.
  • Free Account statements and balance inquiry.
  • Free internal transfer.

7. Special savings account.

Members are encouraged to create a typically tailored savings account or plan designed to meet anticipated specific needs. These products can be opened alongside vary widely but often include features such as school fees, festive days, parties etc.

Requirements Benefits
  • Attached to existing Membership.
  • Doesn’t require extra share subscription
  • Earns attractive interest rates.
  • Withdrawable at close of specified time.
  • Free Account statements and balance inquiry.
  • Zero minimum balance
  • Qualify for a loan and guaranteeing a loan

8. Institutions/Company savings account.

This account gives privilege to formal artificial persons to hold shares with MESACCO, they subscribe shares, save and obtain loan like any other natural person.

Requirements Benefits
  • Filled Membership form.
  • 2 passport size photos (Signatories).
  • National IDS for signatories.
  • Mandate Resolution and constitution.
  • Registration Certificate.
  • Opening fee 30,000=
  • At least 10 shares equivalent to 100,000=
  • Minimum monthly deposit 100,000=
  • Minimum savings balance 200,000=
  • Savings earn attractive interest rates.
  • Shares earn dividends.
  • Savings can be accessed any time.
  • Free Account statements and balance inquiry.
  • Qualify for a loan.