Product Overview
The Junior or Minor Savings account is designed to help parents, guardians and families save on behalf of children. Starting a savings habit early can help young people develop financial responsibility and build a foundation for their future. Confirm account terms and age requirements with SACCO staff.
Key Features
Interest rates, minimum deposits and account terms must be confirmed with SACCO staff.
- Opened and managed by a parent or guardian on behalf of a minor
- Encourages a savings culture from a young age
- Terms and minimum ages to be confirmed with management
- Interest rates to be confirmed with SACCO staff
Suitable For
- Parents saving on behalf of their children
- Guardians managing finances for minors in their care
- Families planning for a child's future education expenses
How to Open This Account
Visit the Mubuga SACCO office at Nyakinama Sub-county, Kisoro District. Our staff will guide you through the requirements. Do not attempt to open accounts through unverified channels.
Frequently Asked Questions
What do I need to open a Junior account?
The child's birth certificate, two passport-size photographs of the child, the parent or guardian's national ID, and UGX 40,000 (share capital 10,000, membership fee 20,000 and initial deposit 10,000).
At what age can a child hold their own account?
Age requirements and transition arrangements must be confirmed with SACCO staff.
Who controls the account while the child is a minor?
Account control arrangements must be confirmed with SACCO management when opening the account.