A savings plan for every goal.
From a guaranteed fixed return to everyday flexible access, five products built around how Malawians actually save — each one also building your standing for future credit.
Up to 15% per annum
Guaranteed return, fixed for 3–12 monthsEvery savings product, in depth
Figures below match what's published for Chitukuko SACCO — no hidden conditions.
Short Term Fixed Deposit
Lock in a lump sum for 3, 6, or 12 months in exchange for a guaranteed, fixed return — the rate can be negotiated upward depending on the amount and period you agree with your branch. Ideal for members who have capital set aside and won't need it in the short term.
15% p.a.
3–12 mo
MK 50,000
Best for members with a lump sum and a fixed date they won't need it before.
School Fees Deposit
Contributions saved in line with the school calendar and released on the dates you agree with your branch — so tuition is ready before each term starts, instead of finding the full amount in one go. Set up a payroll deduction or open the account directly at any branch.
10% p.a.
3 terms
Agreed dates
Best for parents and guardians who want fees ready without a last-minute scramble.
Christmas Deposits
Monthly deductions build up through the year and can only be withdrawn from 21 December — ring-fencing festive spending from your everyday savings, so December doesn't mean dipping into money set aside for something else.
10% p.a.
MK 2,000/mo
From 21 Dec
Best for members who want festive spending kept separate from day-to-day savings.
Holiday Savings Fund
Savings built up according to your own travel or holiday plan, released only on the date you agree when opening the account — so a trip stays funded on its own terms rather than competing with your other goals.
10% p.a.
Your plan
Agreed date
Best for members planning a trip who want to save toward it separately.
Ordinary Deposit
A flexible, everyday account you can add to or withdraw from anytime — by walking into a branch or through salary deductions. Your balance here also forms part of the deposit base used to determine your eligibility for a loan.
7% p.a.
Anytime
MK 2,000
Best as your default account, and the base for future loan eligibility.
Ready to start saving with Chitukuko SACCO?
Join in minutes — membership gives you access to all five plans.