Fixed Deposit Savings Account
A secure savings option that allows you to invest a lump sum and earn guaranteed returns over a fixed period.
Overview
| Target Audience | Individuals and institutions seeking fixed, predictable returns from their savings. |
|---|---|
| Key Benefit | Competitive interest rates with guaranteed payout at maturity. |
| Minimum Deposit | UGX 100,000 |
To Open Your Account
Please provide the following documentation:
- Photographs: Two recent passport-sized photographs.
- Identification: A valid National ID (Endangamuntu).
- Proof of Address: Letter from LC or employer, or a copy of recent utility bills verifying residence.
- Opening Fee: One-time payment of UGX 26,000.
Account Features & Benefits
| Category | Details |
| Interest & Returns |
|
|---|---|
| Deposits & Limits |
|
| Access & Services |
|
Fixed Deposit Savings Account
Requirements.
- Two passport size photographs
- Valid National ID (Endangamuntu)
- Letter of introduction from the LC, Employer or utility bills copy verifying your residence
- Opening fee of Ugx 26,000
Benefits.
- Competitive interest rates up to 16% per annum
- Guaranteed interest paid out at maturity
- Flexible periods of three (3) months to unlimited months
- No limit on the maximum amount
- Minimum deposit amount of Ugx 100,000
- Fixed deposit can be used as collateral
Features
- No monthly management/service charges
- Any amount can be deposited
- SMS alerts for all transactions
- Mobile banking services
