Savings | Accounts
Urwego Bank serves people who do not have access to traditional financial services. Motivated by Jesus Christ’s call to serve the poor, Urwego Bank provides loans, savings, and related training that give people the opportunity to transform their lives.
Group loan clients may also save small amounts of money each week along with their repayments. This group saving allows the clients to be able to borrow more as well as to use it as the seed capital once a loan is paid off. This group savings product provides not only emergency cash but also economic development for the poor people.
The “Teganya” Savings Account (“plan ahead” in Kinyarwanda) is the primary product offered to attract the micro-savers. The objective of this account is to make it easy for the under-banked to open a bank account without having to go through difficult or intimidating account-opening procedures, such as spending money to take photos, copy their ID cards or completing complicated forms.
The Tuza Account is a savings deposit for fixed terms ranging from two months to one year. It earns a higher interest rate than a savings account.
This is a transactional savings account that gives the client an unlimited amount of deposits and withdrawals.
This product is an ideal way for parents to save money for their children; the account will be opened under the child’s name but will be operated by the parent or guardian until the child reaches the legal age; interest rate 8% per annum; interest will be capitalized every month but paid at the end of the quarter. The client will benefit from 1 free withdraw per term and unlimited number of deposits.
What is Tigo Sugira?
It is Rwanda's very first Mobile Saving account which allows for you to deposit and withdraw without any charge, while earning 7% interest per year on any amount of money saved.
How can you open a Tigo Sugira account?
Tigo Sugira is easy to open on your Tigo Cash account. All you have to do is dial *200*11# and what you only need is your national ID or Passport. It is safe, secure and absolutely charge free.
What can you do with your Tigo Sugira Account?
Deposit as little as Frw 1 | No worries about a minimum balance | Check your balance any time | Withdraw money at your convenience.