Savings Account

Each CoopCongo member must participate in the regular minimum saving operation as mandated by the Board time to time and described in the Saving Policy.

A member may extend saving amounts beyond the minimum recommended by the board and in line with rules emanating from the South African Reserve Bank. The money kept in the Savings Account can earn interest according to the rules of the Cooperative as amended from time to time.

A Savings Account can be opened for every member of the CoopCongo Financial Cooperative.

(Please, Saving Accounts are not yet available).

If you require more information regarding the Savings Account or Special Savings Plan, please call +27 81 503 6022 or send an email to

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.