Target Savings Account
A goal-oriented savings account designed to help you plan, save, and earn interest toward a specific financial target.
Overview
| Target Audience | Individuals saving toward a specific goal such as education, projects, investments, or major purchases. |
|---|---|
| Key Benefit | High interest earnings combined with disciplined, goal-focused saving. |
| Minimum Balance | UGX 100,000 |
To Open Your Account
Please provide the following documentation:
- Photographs: Two recent passport-sized photographs.
- Identification: Valid National ID.
- 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 & Periods |
|
| Access & Services |
|
Target Savings Account
Requirements.
- Two passport size photographs
- Valid National ID
- 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 10% per annum
- Guaranteed interest paid out at maturity
- Flexible periods of one (1) month to unlimited months
- No limit on the maximum amount
- Minimum deposit amount of Ugx 100,000
Features
- Minimum deposit of Ugx 100,000
- Minimum target deposit period of one (1) month and above
- SMS alerts for all transactions
- Mobile banking services
