Savings products

Competitive interest

Member Savings

Your core membership account: the foundation for every other SMDPCCU product.

Min. shares

GH₵500

Entrance fee

GH₵20

Interest

From day one

• Opens your membership and gives you access to all loan and savings products
• Earns competitive interest, with annual dividends declared based on performance
• Acts as the savings base used to calculate your borrowing power for most loans

Eligibility

• Open to individuals who live, work or worship within our area of operation (common bond)
• 18 years and above; minors may join through a Youth Savings account

Documents required

• Completed membership / account-opening form
• Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
• 2 passport-size photographs
• Minimum GH₵500 share deposit plus GH₵20 entrance fee

Daily collection

Susu Savings

The easiest way to build a savings habit: a trusted field officer collects daily at your door or stall.

Frequency

Daily

Method

Field officer

Min. balance

None

• Daily contributions collected wherever is convenient for you
• No minimum balance required to start
• Builds the contribution history needed to qualify for a Susu Loan

Eligibility

• Open to any active SMDPCCU member

Documents required

• Susu passbook, issued at signup
• Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence

Up to 4% p.a.

Fixed Deposit

Lock in a guaranteed return on a lump sum for a fixed term. Deposits from GH₵2,000 to GH₵1,000,000. Rates effective 27 April 2026.

Term	Rate

Calculate your returns

• Choose a 91, 182 or 365-day term to match your plans
• Guaranteed, fixed interest rate for the full term
• Renewable at maturity, or paid out together with your principal
• Early withdrawal before maturity is subject to our early-withdrawal terms and may reduce interest earned

Eligibility

• Active member with a minimum of GH₵2,000 to invest

Documents required

• Fixed deposit application / mandate form
• Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
• Proof of deposit / funds transfer

Special rates

Youth Savings

Start a savings habit early: a dedicated account for children under 18, opened and managed by a parent or guardian.

For

Under 18s

Opened by

Parent / guardian

Rate

Special youth rate

• Builds a long-term savings culture in children and teenagers
• Operated by a parent or guardian on the child's behalf until age 18
• Converts to a full Member Savings account at 18

Eligibility

• Child / ward under 18 years
• Parent or guardian must be, or become, an SMDPCCU member

Documents required

• Child's birth certificate
• Guardian's valid ID and membership details
• Guardian's signed consent form