Short Term Fixed Deposit
15% per annum, fixed for 3, 6 or 12 months. Minimum MK50,000.
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Savings
Five ways to save with Chitukuko SACCO — each one built around a different goal, from everyday deposits to fees, festive spending, and holidays. Every kwacha you save also strengthens your standing for a future loan.
Savings products
Choose the plan that matches your goal
Hover a card for a quick look, or scroll down for full details on every product.
SHORT TERM FIXED
SCHOOL FEES DEPOSIT
School Fees Deposit
10% per annum, saved to your school calendar, released on agreed dates.
CHRISTMAS DEPOSITS
Christmas Deposits
10% per annum, monthly deductions, withdraw from 21 December.
HOLIDAY SAVINGS FUND
Holiday Savings Fund
10% per annum, saved to your holiday plan, withdraw on your agreed date.
ORDINARY DEPOSIT
Ordinary Deposit
7% per annum, deposit or withdraw anytime.
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Every savings product, in depth
Figures below match what's published on chitukukosacco.com.
01 · SHORT TERM FIXED
Short Term Fixed Deposit
A fixed-term deposit locked in for 3, 6, or 12 months, earning 15% per annum. The rate can be negotiated upward depending on the amount and period agreed with your branch.
TERM3, 6 or 12 months
INTEREST RATE15% per annum
MIN. DEPOSITMK50,000 (no upper limit)
Best for members with a lump sum from MK50,000 and a fixed date they won't need it before. Contact your closest branch for a quote and to deposit funds against a fixed deposit receipt.
02 · SCHOOL FEES DEPOSIT
School Fees Deposit
Contributions saved according to the school calendar, earning 10% per annum, and released on the agreed withdrawal dates so tuition is ready before each term.
CONTRIBUTIONAligned to school calendar
INTEREST RATE10% per annum
WITHDRAWALOn agreed dates
Best for parents and guardians who want fees ready without a last-minute scramble. Set up a payroll deduction form, or walk into any branch to open the account directly.
03 · CHRISTMAS DEPOSITS
Christmas Deposits
Monthly deductions that build up through the year and can only be withdrawn from 21 December, earning 10% per annum, so festive spending doesn't dip into your other savings.
CONTRIBUTIONFrom MK2,000 monthly
INTEREST RATE10% per annum
WITHDRAWALFrom 21 December
Best for members who want festive spending ring-fenced from day-to-day savings. Set up a payroll deduction, or open the account directly at a branch.
04 · HOLIDAY SAVINGS FUND
Holiday Savings Fund
Savings built up according to your own holiday plan, earning 10% per annum, and released only on the date agreed when you opened the account.
CONTRIBUTIONAccording to holiday plan
INTEREST RATE10% per annum
WITHDRAWALOn agreed date only
Best for members planning a trip or holiday who want to save toward it separately. Set up a payroll deduction, or open the account directly at a branch.
05 · ORDINARY DEPOSIT
Ordinary Deposit
A flexible, everyday savings account you can add to or withdraw from anytime, either by walking into a branch or through salary deductions, earning 7% per annum.
ACCESSAnytime
INTEREST RATE7% per annum
DEPOSIT METHODWalk-in or salary deduction
Best as your default, everyday account and the base for future loan eligibility.