Savings

Savings Accounts

We make saving simple, consistent, and rewarding for every stage of life.

NECOS savings poster, soft life starts with smart savings
01. Choose your account

Six ways to save with NECOS

Select an account to see how it works and what it asks of you. Every feature and fee is listed in full.

A savings product that automates the process of setting aside money. Fixed contributions are made daily, weekly, or monthly, building consistent financial discipline.

Features

  • Fixed contribution amount (daily, weekly or monthly)
  • Penalty on default
  • Attractive interest rates
  • Penalty on early termination
  • Monthly SMS alerts at UGX 1,000 per month

A flexible savings product that allows you to save at your own pace with no mandatory amounts or schedules.

Features

  • Daily, weekly or monthly contributions
  • No monthly account management fees
  • Monthly SMS alerts at UGX 1,000 per month

Designed for serious savers ready to grow their money with our most competitive interest rates.

Features

  • Opening balance UGX 10,000,000
  • Attractive interest rates
  • Monthly interest accrual
  • Monthly SMS alerts at UGX 1,000 per month

A goal-focused savings product with restricted withdrawals to keep you on track until you reach your target.

Features

  • Attractive interest rates
  • Limited withdrawals to protect your goal
  • Monthly SMS alerts at UGX 1,000 per month

A specialised account to help you save a specific amount within a set timeframe for a clear goal such as a house, land, car, school fees or wedding.

Features

  • Clear savings goal and target date
  • Fixed daily, weekly or monthly contributions
  • Restricted withdrawals with penalties for early access
  • Attractive interest rates
  • Monthly SMS alerts at UGX 1,000 per month

A specialised account to help parents and guardians save for their children's future. The account belongs to the child but is operated by a registered parent or guardian.

Features

  • For children from birth to 17 years
  • Competitive annual interest up to 6 percent p.a., accrued monthly and paid annually
  • No monthly account management fees
  • Transactions conducted over the counter
02. Plan your target

Work out what to set aside

Target savings planner

Enter the amount you want to save and how long you have. The figures update as you type.

UGX 0 each day

UGX 0 each week

UGX 0 each month

This is a simple estimate. It does not include interest and it is not an offer. Speak to a branch for exact terms.

NECOS school fees loan poster, a pupil holding her books
03. For the next generation

Start a child's account from birth

The Mutoto Savings Account earns competitive annual interest of up to 6% p.a., accrued monthly and paid annually, with no monthly account management fees. It is opened in the child's name and operated by a registered parent or guardian.

Bring the child's details to any branch and a member of staff will open the account with you.

Find your nearest branch

Open a savings account

Visit Ntinda, Gayaza or Nansana and we will help you choose the account that matches how you actually earn and spend.

Contact NECOS