Saving Towards Your Financial Goals

Regular Savings


We understand the need to set funds aside and we can help do that. Whether you are saving for a rainy day, towards buying your own home, school fees, car or an anticipated vacation we can find the right savings account for you.You work hard for your money, Let your money work for you.

Start saving towards your financial goals with our Savings Account. This is a regular monthly source deduction. Extra regular contribution may be made into ones account. Interest on our Regular Savings Account is paid on a quarterly basis and your interest is calculated on a compound basis so your savings grows faster.

The Union provides opportunity for members to save. With a minimum of Ghc 20.00, a member can save. The Union pays an average of 3.75% per quarter on the minimum balance in the quarter on savings of members.

Members can save for their dream homes, school fees, businesses etc. Whatever the saving goals are, members can work towards it. Minimum deductions are made from the institution’s payroll and members can always pay extra monies into their account.

Protection For Your Savings

Credit Unions in Ghana are covered by the Deposit Protection Scheme (stabilization fund) which is administered by the CUA. This is a scheme that can provide compensation to depositors if the credit institution is forced to go out of business. Currently, with the scheme, Credit Unions are required to reserve an average of about 0.02% of members’ total savings.

With this, members can rest assured their savings and all interest earn are secured.

Savings Policies

  • The savings balance of any one member shall not exceed 20% of the total savings of the Union or as determined by the Board of Directors from time to time.
  • Savings cannot be withdrawn if they are frozen to guarantee a loan neither can savings be withdrawn if the member’s indebtedness is greater than the member’s savings.
  • Interest on savings shall be determined by the Board of Directors from time to time.


Bright Future For Teenage Child

Youth Savings

When a kiddy Account member turns 18; his or her account becomes a Youth Savings Account.

It can also be opened for a teenager whose parent is/ are CAGECCU member at any time.


A parent or legal guardian who is a member of the credit union must be a co-signer to the account until the account is legally and finally transferred to the youth.

Features & Benefits

with the Youth Saving Account, the young member will

    • Learn and appreciate how to interpret basic account statement.
    •  Automatically receive quarterly statements from CAGECCU .
    • Learn about interest rates and how to be thrifty.
    • Receive guaranteed Allowance Plan. Allowance will directly be deposited to youth’s account once a month from a parent or guardian.
    • Monthly source deduction is mandatory. However, direct Cheques and Cash payments into the account are also acceptable.
    • Learn a smart and great way to save for the future.

                                                                                   KIDDY SAVINGS

                                                                                                                      Save For Your Child

Kiddy Savings

It’s never too early or too late to begin savings for your child(ren). Our Kiddy Savings Account is an excellent way to teach and inculcate the habit and importance of saving into kids for the future. Parents are obliged to make a monthly deposit for their children from day one until they are 18 years.

Product Features

    • Savings account targeted at children from day 1 through to age 18. Each child has his/her own account.
    • Minimum account balance is the Credit Union’s monthly minimum savings. Minimum expected monthly contributions/ savings is the same as regular Credit Union’s monthly savings.
    • The account must maintain the monthly minimum contribution till the account is closed.
    • Monthly source deduction is mandatory. However, direct Cheques and Cash payments into the account are also acceptable.
    • Account operation is handled by the Trustee.
    • The child assumes full owership of the account when trustee transfers ownership at age 18 and above.
  • Trustee can make withdrawal once the child attains age 14.


The CAGECCU kiddy Saving Account is fun. The child will:

    • Learn how to save by depositing gifts or unspent pocket money into his or her account.
    • Watch in amazement as his or her savings grow in an interest bearing account.
    • Learn about interest rate and be encouraged to be thrifty.
    • Learn to appreciate how to interpret basic interest calculation.
    • The child will receive guaranteed monthly savings. Saving will directly be deposited to the child’s account once a month from a trustee.
    • No monthly service fees.
  • Competitive interest will be paid on Account Balance.


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Our Head Office

Osu – Walakataka street.


Contact Us

+233 302682908

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