Educare Savings and Insurance 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.
Some of the benefits
Added Value
Funeral cover and payment upon retrenchment
Affordable
No monthly charges on the EduCare savings account
Best terms
Save at your pace; choose a savings plan of any period starting from three months to 18 years.
Customised for you
We modify the Educare savings account to your specific needs.
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 will open the Educare Account with us for the insurance cover to take effect.
- 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
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What you get
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What you need
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What it costs
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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 will open the Educare Account with us for the insurance cover to take effect.
- 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
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Fixed Deposit Account
Invest your money for a fixed period of time and earn a guaranteed specified interest . You can neither withdraw nor deposit on that account until the time period elapses.
Home Insurance
A sudden incident to your home can wipe all your life savings, but we’ve got you back. Protect your home right from the gate to your perimeter fence, house and property within it from loss and damage due to thieves, malicious neighbours, blunders by domestic servants, and acts of nature like floods and earthquakes.