Compare savings & fixed deposit rates in Rwanda

By the Rateweb editorial team · How we rate · Product details checked 2 Aug 2026

Compare interest on savings accounts and fixed deposits from banks in Rwanda. Only deal with licensed deposit-taking institutions. Rates shown are indicative — confirm the current rate with the provider before opening.

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5 results
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Umurenge SACCO

A member-owned savings and credit cooperative in every sector of the country, launched in 2008 to reach Rwandans no bank branch was going to serve. Reporting on the National Bank of Rwanda's Regulation No. 93/2025 says all 416 Umurenge SACCOs are now inside the Deposit Guarantee Fund, covering the first RWF 1,000,000 per depositor.
★★★★☆
4.0/5 · How we rate
Set locally by each SACCO — ask at your own sector's branch
Monthly Fee
Cooperative sector overseen by the Rwanda Cooperation Agency; deposit-guarantee inclusion reported under BNR Regulation No. 93/2025 (not confirmed on bnr.rw — see notes)
Licence
Rural and small-town savers, and anyone who wants a savings home within walking distance
Best For
sacco
Type
Pros
  • Present in every sector of the country — the shortest distance to a formal savings account for most rural Rwandans
  • Member-owned, so borrowing terms are set with the local membership rather than a head office
  • Reported to be covered by the Deposit Guarantee Fund up to RWF 1,000,000 per depositor under BNR Regulation No. 93/2025
Cons
  • Terms, fees and rates differ from one SACCO to the next — there is no single published tariff to compare
  • Digital access is far behind the banks; many transactions still mean queuing in person
  • Governance quality varies between individual SACCOs, so due diligence on your own branch matters
Fees, eligibility & documents
Fees
Membership and share contributionSet locally by each SACCO — confirm at your sector branch
Savings account chargesVary by SACCO; not centrally published
Eligibility
  • Residence in the sector (umurenge) the SACCO serves
  • Rwandan national ID
  • Payment of the SACCO's membership or share contribution
Documents needed
  • National ID
  • Passport photographs
  • Proof of residence in the sector
Visit Rwanda Cooperation Agency
Government scheme

Ejo Heza Long-Term Saving Scheme

Rwanda's universal, voluntary long-term saving scheme, administered by the Rwanda Social Security Board under Law No. 29/2017. It is a defined-contribution pension open to salaried and unsalaried people alike, and you join by dialling *506# rather than filling in forms.
★★★★☆
4.1/5 · How we rate
Not published on the scheme's about page — contributions are voluntary and self-set
Monthly Fee
Established by Law No. 29/2017 of 29 June 2017 and administered by the Rwanda Social Security Board (RSSB)
Licence
Informal-sector workers and the self-employed who have no workplace pension
Best For
digital
Type
Pros
  • Open to Rwandans and to foreigners living in Rwanda, whether formally employed or not
  • Joining is a USSD code (*506#) — no branch visit, no paperwork
  • A defined-contribution scheme run by RSSB rather than a commercial provider
Cons
  • It is a retirement scheme, not an emergency fund — treat the money as locked away
  • Contribution rules, government incentives and withdrawal conditions are not set out on the public about page
  • Long-horizon saving in francs carries inflation risk that the scheme's marketing does not address
Fees, eligibility & documents
Fees
Joining feeNot published on the scheme's about page — confirm with RSSB
Contribution amountVoluntary and self-set; no minimum published on the about page
Eligibility
  • Rwandan citizens, in the formal or informal sector, employed or self-employed
  • Foreign nationals legally resident in Rwanda
Documents needed
  • National ID or, for foreign residents, passport and residence documentation
  • A registered mobile number for the *506# self-registration
Visit Ejo Heza

Access Bank Rwanda Savings Accounts

Access Bank Rwanda segments its savings range more finely than its peers, with six named accounts covering children, young people, seniors and lump-sum deposits. The bank does not publish interest rates or minimum balances for any of them online.
★★★★☆
3.9/5 · How we rate
Not published for any of the six savings accounts — request the tariff schedule
Monthly Fee
Not verified this session (bnr.rw blocks automated fetches)
Licence
Households wanting a purpose-matched account — a children's, youth or seniors' savings product
Best For
bank
Type
Pros
  • Six distinct named accounts, including Early Savers for children and Ntugasaze for seniors
  • A High Interest Deposit Account is offered for money you can set aside for a fixed project
  • Access Advantage is positioned as a savings account with current-account functionality
Cons
  • No interest rates are published for any account, which makes the 'high interest' label unverifiable online
  • No minimum balances or fee structures appear on the savings pages
  • You have to phone or visit to compare the six accounts on anything that matters financially
Fees, eligibility & documents
Fees
Monthly account feeNot disclosed on the savings pages — ask for the tariff schedule
Interest rateNot disclosed on the savings pages — confirm before depositing
Eligibility
  • Valid national ID or international passport
  • Proof of address; age-appropriate documentation for youth, children's and seniors' variants
Documents needed
  • National ID or international passport
  • Address verification document
  • Passport photographs
  • Birth certificate or guardian ID for children's accounts
Visit Access Bank Rwanda

NCBA Bank Rwanda Savings and Fixed Deposits

NCBA Rwanda offers regular, personal, student, kids' and USD savings accounts alongside fixed and short-term deposits. The USD option is the differentiator if you earn or receive dollars and do not want to convert on arrival.
★★★★☆
3.8/5 · How we rate
Not published on the product pages; NCBA points customers to its Tariff Guide
Monthly Fee
Not verified this session (bnr.rw blocks automated fetches)
Licence
Savers who want a franc account and a dollar account with the same bank
Best For
bank
Type
Pros
  • A USD Savings Account sits alongside the franc range, avoiding forced conversion of dollar income
  • Both fixed and short-term deposits are offered, so you can match the term to the goal
  • Distinct student and kids' accounts rather than a single generic savings product
Cons
  • No interest rates are published for any savings or deposit product
  • Fixed-deposit terms and minimums are absent from the site entirely
  • A small branch network means most servicing happens digitally or by phone
Fees, eligibility & documents
Fees
Account maintenance feeNot disclosed on the product page — see NCBA's Tariff Guide
Fixed deposit interest rateNot disclosed on the product page — request a quote
Eligibility
  • Valid national ID or passport
  • Proof of address; student or guardian documentation for the student and kids' variants
Documents needed
  • National ID or passport
  • Proof of address
  • Passport photograph
  • Student ID or guardian ID where applicable
Visit NCBA Bank Rwanda

Equity Bank Rwanda Super Junior Account

A children's savings account from Equity Bank Rwanda, positioned as a way to build a savings habit early. It is the only named savings product Equity publishes for Rwanda, and no rates or balances are given.
★★★★☆
3.7/5 · How we rate
Not published online — the bank directs enquiries to a branch or +250 788 190000
Monthly Fee
Not verified this session (bnr.rw blocks automated fetches)
Licence
Parents opening a first savings account for a child
Best For
bank
Type
Pros
  • A dedicated children's product rather than a general account opened in a child's name
  • Sits inside Equity's mobile and online banking, so a parent can monitor it remotely
  • Backed by a large regional banking group
Cons
  • No interest rate, minimum balance or fee is published anywhere online
  • The product page is marketing copy with no terms attached
  • Children's accounts across the market often pay little — verify the rate before committing
Fees, eligibility & documents
Fees
Account feeNot disclosed online — confirm with the bank
Interest rateNot disclosed online — ask before opening
Eligibility
  • A parent or guardian with a valid national ID or passport
  • The child's birth certificate or identity documentation
Documents needed
  • Parent or guardian national ID or passport
  • Child's birth certificate
  • Passport photographs
Visit Equity Bank Rwanda

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.

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