GroupSave Account

Low-income earners who manage diversified portfolio of informal savings with an established leadership structure; serving them and their communities to provide safety and guaranteed access to formal financial services.

Serving You and Your Community
Target market: Low-income Ugandans who manage diversified portfolio of informal savings in an established leadership structure .


  • Initial Deposit: UGX 10,000
  • Minimum Balance: UGX 10,000
  • Monthly Fee: Nil
  • Interest rate & Calculation: 5% p.a. Credited on the minimum balance during the month .
  • Transaction Fees: N/A
  • Funds Transfer: Mobile banking (AirSave)
  • Statements:1 free per month, UGX 1100 thereafter

Account Opening Requirements

  • Duly certified copies of the constitution and by-laws.
  • Certified copy of Certificate of registration (in case of registered entities).
  • Resolution passed by the executive committee to open an account including the mandate to operate it.
  • 3 account Signatories

Signatories’ personal details;

  1. Photocopy of National/Refugee Identity Card
  2. 1Passport photo for each signatory of the account