National Social Security Fund (NSSF) savers have earned 22.53 per cent interest rate on their savings for the financial year 2025/26, in what has been described as a record return in the Fund’s history.
The rate was announced on Thursday, September 24, 2026, during NSSF’s 14th Annual Members Meeting, with the declaration translating into about Shs5.44 trillion to be credited to members’ accounts.
The new rate represents a significant increase from the 13.5 per cent declared for the 2024/25 financial year, when about Shs2.79 trillion was credited to members.
It also exceeds NSSF’s previous highest declared rate of 15 per cent, making the 2025/26 declaration the highest annual interest rate recorded by the Fund.
The announcement comes after NSSF reported a strong financial performance during the year ended June 30, 2026.
The Fund’s total income rose by 85 per cent to Shs6.51 trillion, compared with Shs3.51 trillion in the previous financial year.
NSSF’s assets under management also grew by 26 per cent, from about Shs26 trillion to Shs32.8 trillion, while member contributions increased to Shs2.42 trillion during the year.
NSSF Managing Director Patrick Ayota said the Fund had experienced a strong year, with the increase in income supported by returns from its investments.
The Fund also reported that it paid about Shs1.5 trillion in benefits to 50,499 members during the financial year and attracted 311,000 new savers, exceeding its target of 300,000 new members.
NSSF currently has about 3.6 million registered members, although approximately 2.7 million have balances with the Fund.
The latest declaration comes as NSSF pursues an ambitious long-term strategy to expand its membership and grow its assets. Ayota said the Fund now aims to increase its assets to Shs80 trillion by 2035, up from an earlier target of Shs50 trillion.
For individual savers, the 22.53 per cent rate will determine the interest credited to their qualifying NSSF balances for the financial year. The actual amount received by each member will therefore depend on the balance eligible for interest.
The declaration also marks a major turnaround from recent years, when NSSF’s interest rate stood at 9.65 per cent in 2021/22, before rising to 10 per cent in 2022/23, 11.5 per cent in 2023/24 and 13.5 per cent in 2024/25.
