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Educare Savings Account

Educare Savings Account

Save towards a target amount for your children’s education or for a specific need and receive a high interest on your savings from the bank. You automatically receive life insurance to cover your target savings amount in case of death or permanent disability.

 

 

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What you get
  • Get better returns on your savings with the most competitive interest rates. 
  • The target amount is paid in case of the unfortunate death or permanent disability of the main contributor.  
  • The target savings amount is paid in full to the beneficiary on the unfortunate death of the main contributing member. 
  • Funeral cover up to Ugx 750,000 on the unfortunate death of main contributing member. 
  • On retrenchment of the main contributing member, there is a benefit of up to 3 times their monthly premium is that is paid on your behalf by Stanbic Bank. 
  • Payment within 48 hours, provided that the required claims documents have been received by Stanbic Bank on time. 
  • 24 hours support from our customer care team  
What you need
  • You should have a transactional or savings account with us. 
  • You should be between 18 to 69 years.  
  • You simply calculate how much it will cost you in school fees for your children, at the schools you would like them to attend and start saving towards that target amount. 
What it costs
  • No monthly charges 
  • The minimum monthly saving is 20,000/=  
  • The Minimum Target savings amount of UGX 720,000
  • The Minimum savings period is 3 months and maximum savings period is 18 years 
How to get it
  • Visit your nearest branch to open an Educare account 
  • What you get
  • What you need
  • What it costs
  • How to get it
  • Get better returns on your savings with the most competitive interest rates. 
  • The target amount is paid in case of the unfortunate death or permanent disability of the main contributor.  
  • The target savings amount is paid in full to the beneficiary on the unfortunate death of the main contributing member. 
  • Funeral cover up to Ugx 750,000 on the unfortunate death of main contributing member. 
  • On retrenchment of the main contributing member, there is a benefit of up to 3 times their monthly premium is that is paid on your behalf by Stanbic Bank. 
  • Payment within 48 hours, provided that the required claims documents have been received by Stanbic Bank on time. 
  • 24 hours support from our customer care team  
  • You should have a transactional or savings account with us. 
  • You should be between 18 to 69 years.  
  • You simply calculate how much it will cost you in school fees for your children, at the schools you would like them to attend and start saving towards that target amount. 
  • No monthly charges 
  • The minimum monthly saving is 20,000/=  
  • The Minimum Target savings amount of UGX 720,000
  • The Minimum savings period is 3 months and maximum savings period is 18 years 
  • Visit your nearest branch to open an Educare account 
Online Account opening

Welcome to a new world of simplicity and convenience