Youngster (TOTO) Savings Account

This is a savings account that offers members children to save/ own accounts until the age of 18. The more one saves, the higher the interest.


  • Earns an annual interest rate of 7.5% that is computed and posted on account on quarterly basis
  • Limited to full members’ children.
  • Funds are only accessed by the parent or with parent’s written permission
  • Young savers' guidance & training
  • Minimum balance is 150,000/= 
  • Members can deposit any time on their children’s account
  • A 0.2% administrative charge is levied on requested withdraw amount.
  • No overdrafts are allowed on this account.


  • Allows members to save for: 
  • School fees
  • A child’s up keep
  • Promotes saving culture among children.
  • Accrues interest that forms part of the savings balance.
  • Account holders willbe guaranteed of future financial litercy seminars arranged by the SACCO. 


  • Fully completed account opening application form with child’s and Parents’ personal details
  • Minimum initial opening deposit UGX 150,000/= broken down into 1 share, membership fee and initial savings.