Recurring/Target Deposit Account

ABC Capital Bank - Recurring/Target Deposit Account

This account gives an ideal opportunity to save for a specific purpose within the given time frame while earning interest on the funds in the account.
The saving period for this account is from 6 months to 2 years.

Features:

  • Minimum opening balance Ugx. 50,000/=
  • Minimum balance Ugx 50,000/=
  • Monthly installments of a minimum of UGX 50,000 with no maximum amount.
  • No bank charges for deposits
  • Competitive interest occurring on monthly basis calculated on the minimum account balances from 1st day to end day of the month.
  • No interest on premature withdrawal
  • No debit card/cheque book issued on this account
  • Account available in UGX,USD
  • Rewarding interest rates, Guaranteed returns, Ease in savings

Requirements:

  • 2 Passport size photographs
  • Copy of identification document (Passport/ Voter’s Card/ Driving License)
  • Proof of residence (copy of utility bill)