Savings Products :: Lubane SACCO

Primary Membership Savings Policy
Joining Fee:	E500.00 (Once-Off Payment)
Subscription:	E400.00 (Annually – Update Membership Deductions are made in July (E200) & Aug(E200)
Minimum Monthly Savings: (Mandatory)	E500.00 minimum; deducted as follows E100.00 Share Capital Account E300.00 Ordinary Savings Account E100.00 Club 45 (Retirement Savings Account)
Optional Savings Accounts; Add-ons	Intfutfwane Savings Account: E100.00 Other Savings Account: E100.00 School Savings Account: E100.00 Holiday Savings Account: E100.00 Fixed Deposit: E0.00 Investment: E0.00
Annual Interest:	Competitive Interest Rate
Joining Requirements	Certified Copy of ID Proof of Residence Letter of Employment/Contract
Termination Policy	3 months waiting period

Secondary Membership Savings Policy
Joining Fee:	E0.00
Minimum Savings:	E200.00 Source/Debit Order Deduction
Annual Interest:	Competitive Interest Rate
Withdrawals:	Unlimited
Withdrawal Charges:	There are no withdrawal charges (E0.00) when members submit their application form. However, please note that a standard charge applies to all app withdrawals.
Joining Requirements	Certified Copy of ID Proof of Residence
Policy Termination:	No waiting period

Non-Withdrawable Savings

To join LUBANE SACCO Ltd, you’re required to save for shares shares monthly, starting at just E100.00
This investment is part of your savings and is non-withdrawable. Members can only access these funds when they resign or terminate their membership.
Dividends on membership shares are re-invested back into the Share Capital Account after each audit period.

The Ordinary Savings account is a mandatory savings option available to all members. This account acts as a secure repository for your funds and is essential for determining your entitlements when accessing loan facility.
Please note that this account is non-withdrawable unless you choose to terminate your membership.
E300.00 minimum monthly savings contributions are required to foster a culture of saving, which can benefit you in the future.

Secure your comfort in later years by starting your savings today. With contributions as low as E100.00 per month, you can ensure a smooth transition into retirement, alleviating any potential burden on your dependents.
Please note that these savings are non-withdrawable unless you terminate your membership or reach retirement age.
Additionally, your pension savings will contribute to your entitlements, as they are combined with your ordinary savings.

Education is a lifelong journey, and with our School Savings portfolio, both you and your children or dependents can be well-prepared for it.
There’s no waiting period—simply start saving! If you find that you no longer need these services, you can easily withdraw your savings for personal use.
Monthly minimum contribution is E100.00 per month. Members earn annual competitive interest rate on their School Savings Account.

Are you dreaming of the perfect getaway with family or friends? LUBANE SACCO offers members the chance to invest in their future adventures.
The best part? Your savings can be withdrawn at any time without incurring any charges, allowing you the flexibility to access your funds if unexpected needs arise.
Monthly minimum contribution is E100.00 per month. Members earn annual competitive interest rate on their Holiday Savings Account.

This product serves as a flexible option for members who are unsure about which investment portfolio to choose from our offerings.
Members can deposit any amount and withdraw their savings at any time, with no associated withdrawal charges.
Monthly minimum contribution is E100.00 per month. Members earn annual competitive interest rate on their Other Savings Account.

In line with our Swazi proverb "sisu sibekelwa ngaphandle," Lubane provides members the opportunity to plan for their future through regular savings.
There’s no waiting period—simply start saving! If you find that you no longer need these services, you can easily withdraw your savings for personal use.
Enjoy competitive interest rates with this savings option, helping your investment grow even further. Monthly minimum contribution is E100.00 per month.

Fixed Deposits are a short-term investment option designed to help you achieve your financial goals.
You can make monthly deposits, starting with a commitment as short as 30 days. Alternatively, members have the option to save a lump sum exceeding E15,000.
Once your fixed deposit reaches maturity, you can decide to either reinvest your savings or withdraw them.

LUBANE SACCO features an investment division that seeks out opportunities with various institutions, allowing members to invest and earn competitive interest rates.
We regularly share detailed information about investment opportunities with our members.

Members can take advantage of the Secondary Savings Account to save for themselves or their dependents.
There are no withdrawal charges (E0.00) when members submit their application form. However, please note that a standard charge applies to all app withdrawals.
This account can serve as a stand-alone savings option for any member.