Chitukuko Sacco Malawi

These are deposits that are deducted monthly only to be withdrawn by the 21st December of the year.

These deposits attract 10% interest rate per annum

These start from MK2, 000 monthly

Requirements:

  • Fill a deposit deduction request form so that the amount is deducted from your monthly pay
  • If the amount will be deposited by direct walk in through the branch no need to fill a form just walk in and create a Christmas deposit account

These savings are done according to holiday plan and attract 10% interest rate per annum.

The savings can only be withdrawn at the agreed date.

Requirements:

  • Fill a deposit deduction request form so that the amount is deducted from your monthly pay
  • If the amount will be deposited by direct walk in through the branch no need to fill a form just walk in and create a Holiday Savings deposit account

These are savings that can be done anytime either through walk in to the branch or through salary deductions and will be withdrawn any time. Interest rate per annum is 7%.

These deposits are meant for School Fees and are saved according to school calendar. They attract 10% interest rate per annum and can be withdrawn on those agreed dates.

Requirements:

  • Fill a deposit deduction request form so that the amount is deducted from your monthly pay
  • If the amount will be deposited by direct walk in through the branch no need to fill a form just walk in and create a School Fees deposit account

These are deposits that are fixed to either 3, 6 or 12 months terms and they attract an interest rate of 15% per annum. This interest rate can also be negotiated upwards depending on amount and period.

These deposits start from MK50, 000 and have no limit.

Requirements:

  • Contact the closest branch for a quote
  • Deposit the funds with the branch and get a fixed deposit receipt

Sign up for our Mailing List