Saving Product

01


Main Savings Account

The Main Savings Account is the core of your Sacco membership and is mandatory for all members. It gives you access to loans, annual interest, and long-term financial growth. Savings are continuous, not easily withdrawable, and follow Sacco by-laws.

⚠️ Closing the account requires 60 working days’ notice and a processing fee of 2% (or as advised at AGM).

Features of Main Saving Account

  1. Opportunity to build a long term savings for the future.
  2. Access to the Sacco cheap loans and other service.
  3. Loan entitlement up to x3 times of your savings.
  4. Use as a loan collateral.
  5. Annual interest returns based on Sacco’s profitability.

Requirements

To qualify for a loan from Nile Eagle Sacco, you must;

  1. Complete the membership application form.

  2. Submit valid supporting documents (South Sudan ID/Passport) to nileeaglesacco@gmail.com.

  3. Contribute a minimum of SSP 100,000 monthly to your Main Savings Account.

02

Little-Angel Child (Ren) Account

Save money for your child or children’s bright future and earn interest annually. The Nile Eagle Sacco members can open this account for their children.

Features of Little-Angel Child (Ren) Account

  1. Earns annual interest, same rate as Main Savings Account.

  2. Interest credited once a year.

  3. A member can withdraw funds from this account provided a 7 days withdrawal notice is given through written.

  4. Funds from this account can be used to guarantee a member’s loan.

  5. A process of 2% is charged upon withdrawal.

Requirements

  1. Complete an application form
  2. Provide a copy of the child’s birth certificate.
  3. Provide one passport size photograph for the child.
  4. Pay a minimum deposit of SSP. 50,000.
  5. Closing the account require a minimum of sixty (60) working days’ notice communicated to the Hon. Secretary or Credit committee.

03

Holiday-Savings Account

Save ahead for your holiday to ensure a smooth and enjoyable experience. Plan for your holiday by saving with us and earn interest.

Benefits of Holiday Savings Account

  1. No minimum balance.
  2. Earn interest and withdrawable once in a year.
  3. You can withdraw your money with 7 days’ notice.
  4. Processing fees of SSP. 10,000 charged upon withdrawal.

Requirements

  • Must be an active Nile Eagle Sacco member.

  • Complete the Holiday Savings Account application form.

  • Provide a valid South Sudan ID/Passport.

  • Contribute a minimum of SSP 50,000 monthly.

  • Withdrawals are allowed only during approved holiday periods.

04


Christmass Savings Account

The Christmas Savings Account helps members prepare for the festive season by setting aside money throughout the year. Contributions are made regularly and earn annual interest, giving members extra value for their savings. Withdrawals are allowed only during the Christmas period, ensuring funds are available when needed most.

Benefits of the Christmas Savings Account

  1. Grow savings for holiday expenses

  2. Earn annual interest on deposits

  3. Disciplined saving for festive goals

  4. Access funds only during Christmas to avoid misuse

  5. Use as security for Sacco loans

Requirements

  • Must be a Nile Eagle Sacco member.

  • Submit valid ID/Passport with application form.

  • Save at least SSP 100,000 or more every month.

  • Funds are withdrawable only during Christmas.

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