Group Savings Account
A flexible savings account designed for groups, associations, and institutions saving together toward shared goals.
Overview
| Target Audience | Groups, associations, cooperatives, clubs, and institutions saving collectively. |
|---|---|
| Key Benefit | Free transactions, transparent management, and access to group-based financial products. |
| Minimum Balance | Not Applicable |
To Open Your Account
Please provide the following documentation:
- Opening Fee: One-time payment of UGX 36,000.
- Group Registration Certificate
- Group Resolution: Authorizing account opening and signatories.
- Group Constitution
- Identification: Copies of National IDs (NIN) for all account signatories.
- Photographs: Three passport-sized photos for each signatory.
Account Features & Benefits
| Category | Details |
| Fees & Charges |
|
|---|---|
| Access & Conveniences |
|
| Savings & Growth |
|
| Additional Services |
|
Group Savings Account
Requirements.
- Opening fee of Ugx 36,000
- Group registration certificate
- Group resolution
- Group constitution
- Copies of National IDs for the signatories
- Three copies of passport photos for each signatory
Benefits.
- Free and instant transaction processing at all EBO branches
- Accessibility to other products like loans, savings and investment products
- Our relationship managers are available to help you with financial solutions for your needs
- No charges on withdrawals and deposits
- No limit on withdrawals or deposits
- Account opening is easy and instant
- Consistent outstanding customer care
- Quick service delivery
- Attractive interest rates
Features
- Any amount can be deposited
- SMS alerts for all transactions
- Mobile banking services
