The Cooperative CoopCongo aligns Fixed Deposits as part of its products. A Fixed Deposit is a sum of money you save in your fixed deposit account at the Cooperative CoopCongo, specifically for the purpose of generating interest after an agreed and pre-determined duration.
Any qualifying CoopCongo member may open a Fixed Deposit account; the possible deposited amount, earning interest rate, duration, and other recommended conditions are in the Saving Policy as well as in any relevant regulation and in line with rules emanating from the South African Reserve Bank.
(Please, Loan Accounts are not yet available).
If you require more information regarding shares, please call +27 81 503 6022 or send an email to secretariat@coopcongo.com
NOTE : Please, be aware that CoopCongo’s banking transactions will only begin once its Cooperative Banking license is approved by the South African Reserve Bank or its relevant agencies. Until then, CoopCongo can only run operations helping to build its capital.
