FREE SAVINGS ACCOUNT
“Convenient access to your money” 
This account offers you an express access to your cash at any time.
Key requirements
Being a teacher or an employee in the Education Sector.
Key Benefits
Access to your cash at level of all the branches of Umwalimu SACCO.
Access to your cash at level of Umurenge SACCO.
Offers access to loans;
Minimum balance: Frw 5,000
PERMANENT SAVINGS
“Let your savings be at your most convenience pace”
This account is a mandatory saving account for each member who gets the salary across its current account.
Key requirements
Having a current account in Umwalimu SACCO.
Key features and Benefits
Regularly save at least 5% of the monthly net salary for teachers in Primary and secondary public and privates Schools;
Regularly save at least 10% of the monthly salary for non-teacher members working in the Education Sector and UMWALIMU SACCO staff;
Earning interest of 4% on amount saved per annum;
No withdrawal is allowed for active members;
Using it as loan guaranty
NZIGAMIRA NIGE
“Give your child an advantage for life.”
This accounts helps you saving for small projects for the purpose of improving your home
Key requirements
Having a current account in Umwalimu SACCO
Key features and Benefits
Deposit amount of Frw 1000 and above depending on the choice and the capacity of the member;
Competitive interest rate depending on the amount and period saved;
Free maintenance fees
Free withdrawal upon expiry of the contract
Easing the start of the home life;
The discipline in money management (good habit in saving);
A link to suppliers to facilitate payments & Access to quality equipment;
To qualify for financing, savings must be at least 20% of the total cost of the item to finance &Using equipment as collateral
HOME FURNITURE'S SAVINGS ACCOUNT
“With You, Every Step of the Way.”
This accounts helps you saving for small projects for the purpose of improving your home
Key requirements
Having a current account in Umwalimu SACCO
Key features and Benefits
Deposit amount of Frw 1000 and above depending on the choice and the capacity of the member;
Competitive interest rate depending on the amount and period saved;
Free maintenance fees
Free withdrawal upon expiry of the contract
Easing the start of the home life;
The discipline in money management (good habit in saving);
A link to suppliers to facilitate payments & Access to quality equipment;
To qualify for financing, savings must be at least 20% of the total cost of the item to finance &Using equipment as collateral
FIXED DEPOSIT ACCOUNT
” With Us, get a better return for your savings “
A fixed deposit is an account which helps you watching your savings growing
Key requirements
Having a current account in Umwalimu SACCO
Key features and Benefits
Minimum account opening balance Frw 60,000
Free maintenance fees
Interesting and competitive interest rate depending on the amount and period saved
Increase worth with high return
Flexible terms safety and security of fund