Recurring/Target Deposit Account

Open up an account today to enjoy competitive interest occurring on monthly basis calculated on the minimum account balances from 1st day to end day of the month with zero bank charges on deposit.

Recurring/Target Deposit Account
  • Minimum opening balance Ugx. 50,000
  • Minimum opening balance USD 50
  • 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

  • Valid identity document (Passport/ National Identity Card)
  • Passport size photographs