Create Account
With this account, you can freely deposit and withdraw your funds any time from any of our various branches. Your money is safe with us and is readily available for any of your personal or business needs.
To open this account you need to come to one of our branches with a copy of your national identification card, a copy of your guarantor’s identification card (optional), two passport size pictures of you, two passport pictures of your guarantor (where applicable), pay Rwf 3,000 as account opening fee, pay Rwf 1,000 as initial deposit in your new account for it to be activated and pay Rwf 1,000 for your booklet.
Inkunga Finance Plc - Iteganyirize Account
Inkunga Finance Plc offers a savings account with a 7.5% interest rate where customers can deposit money at any time. However, withdrawals are limited to once every 30 days, and if a customer withdraws more frequently, a penalty fee of Frw 1,000 per extra withdrawal applies.
Account Opening Fees: 0 Frw
Account Features
Purpose of this Savings Plan
This savings plan helps customers save gradually towards their goals without financial strain.
Benefits of this Savings Account
It helps in planning for essential life expenses, such as:
- Children's education
- Housing
- Household items
- Weddings
- Health insurance
- And more
Account Structure
This savings account is a hybrid between a regular savings account and a fixed-term deposit account (compte bloqué). It earns interest while still allowing customers to withdraw in case of emergencies. The account is linked to the customer's primary account at Inkunga Finance Plc.
Who Can Use This Account?
All customers can use this savings plan, but it is especially beneficial for youth.
Deposit & Withdrawal Terms
- Minimum deposit: Frw 1,000
- No maximum deposit limit
- No minimum withdrawal limit (Withdraw any amount)
- No maximum withdrawal limit (Withdraw up to the total account balance)
- Mandatory minimum balance: Frw 5,000
- Withdrawals allowed: Once every 30 days
Interest & Fees
- Interest rate: 7.5% per year
- Interest payment: Deposited monthly into the account
- Interest calculation: Based on the duration the money has stayed in the account
- Account closure fee: Frw 3,000
Penalties
- If a customer withdraws more than once in 30 days, a penalty fee of Frw 1,000 is applied per extra withdrawal.
Inkunga Finance offers two types of saving accounts:
- Fixed Term Deposits Accounts
- Non-Fixed Terms Saving Accounts
1. Fixed Term Deposits Accounts
This account is held for a period between 3 and 12 months and offers an interest rate ranging from 7% to 10%.
2. Non-Fixed Terms Saving Accounts
Inkunga Finance has two categories of these accounts:
- ITEGANYIRIZE
- ZIGAMIRUMWANA
a) ITEGANYIRIZE
This is a savings account where you can deposit at any time and earn an interest rate of 7.5%.
- Withdrawals: Allowed once every 30 days
- Penalty: If you withdraw more than once within 30 days, you will be charged FRW 1,000 per additional withdrawal.
- Account Opening Fees: 0 FRW
b) ZIGAMIRUMWANA
This is a children’s savings account, where you can deposit at any time and earn an interest rate of 8%.
- Withdrawals: Allowed once every 365 days (one year)
- Penalty: If you withdraw more than once within 365 days, you will be charged FRW 3,000 per additional withdrawal.
- Account Opening Fees: 0 FRW