UMUHIGO Saving Account

• Minimum operating balance of Frw 15,000. Saving account in rwandan francs which can not be opened if client doesn’t have a current account already opened
• Earning interest per year : 6%
• No monthly maintenance fees
• Duration : The account has a duration of 1 year which is renewed imediatry if no addition information received from client
• Type of financial assets : Saving in order to get loan at low rate(-2% to current bank base rate)
• Compulsory insurance: No insurance is required for the saving but for the loan life insurance and fire if a collateral is given
• Souscription Age: 18 years old with a maximum age of 55 years

Eligibility conditions

• Being a salaried man or woman aged 18 years old as minimum and 55 years as maximum
• Accept to sign contract for UMUHIGO saving account
• Complying with KYC

• Copy of valid national Identity card for the signatory
• Copy of valid passport for foreigner
• Current passport photo
• Signing account opening form for individual and UMUHIGO saving account contract
• Minimum operating balance of Frw 15,000 and sign a permanent order for amount to be transferred from current account to UMUHIGO saving account and give a copy of salary certificate
• Signing perment transfer for a period of 12 months.