Savings Deposit

Eligibility: Individuals/ Joint Persons, Corporates, Clubs Associations etc.

Minimum Balance: UGX 10,000

Minimum Balance Charges: NIL

Maximum Balance: No Limit

Rate of Interest: 4% p.a.

Super Savings Bank

Eligibility: Individuals/ Joint Persons, Corporates, Clubs Associations etc.

Minimum Balance: UGX 500,000

Minimum Balance Charges: UGX 2000 per quarter

Maximum Balance: No Limit

Rate of Interest: 5% p.a.

Fixed Deposit:

Target Group: Individual/Joint Persons, Corporates, Clubs Associations etc.

Minimum Balance: UGX 500,000

Tenor: Minimum 1 Year - Maximum 2Years

Rate of Interest: As advised from time to time

Prematured Payment: Allowed

Prematured Payment Penalty: 1% less than the prevailing rate for which deposit has actually been run

Withholding Tax: 15% of the interest amount

Overdraft against deposit: Up to 85% of deposit amount subject to our maximum lending limit at an interest of 2% above the rate on deposit, to be liquidated at the time of maturity of deposit

Short Deposit:

Target Group: Individual/Joint Persons, Corporates, Clubs Associations etc.

Minimum Balance: UGX 500,000

Tenor: Minimum 3 months - Maximum Less than 1 Year

Rate of Interest: As advised from time to time

Prematured Payment: Allowed

Prematured Payment Penalty: 1% less than the prevailing rate for which deposit has actually been run

Withholding Tax: 15% of the interest amount

Overdraft against deposit: Up to 85% of deposit amount subject to our maximum lending limit at an interest of 2% above the rate on deposit, to be liquidated at the time of maturity of deposit

Recurring Deposit:

Target Group: Individual/Joint Persons, Corporates, Clubs Associations etc.

Core Installment: Minimum UGX 5,000 (Additional in multiple of UGX 1,000) payable monthly on or before the date of opening the account

Tenor: Minimum 1 year - Maximum 2 Years

Rate of Interest: As per fixed/short deposit

Prematured Payment: Allowed

Prematured Payment Penalty: 1% less than the prevailing rate for which deposit has actually been run

Interest Calculation: On monthly Product basis

Withholding Tax: 15% of the interest amount

Overdraft against deposit: Up to 85% of amount deposited at the time of availing overdraft subject to our maximum lending limit at an interest of 2% above the rate on deposit, to be liquidated at the time of maturity of deposit

Late payment charges: UGX 100 p.m. on the amount defaulted

Flexible Recurring Deposit:

Target Group: Individual/Joint Persons, Corporates, Clubs Associations etc.

Core Installment: Minimum UGX 1,000 (Additional in multiple of UGX 1,000) payable monthly on or before the date of opening the account

Flexibility of deposit: Upto 10 times of core deposit selected in any month

Tenor: Minimum 1 year - Maximum 2 Years

Rate of Interest: As per fixed/short deposit

Prematured Payment: Allowed

Prematured Payment Penalty: 1% less than the prevailing rate for which deposit has actually been run

Interest Calculation: On monthly Product basis

Withholding Tax: 15% of the interest amount

Overdraft against deposit: Up to 85% of amount deposited at the time of availing overdraft subject to our maximum lending limit at an interest of 2% above the rate on deposit, to be liquidated at the time of maturity of deposit

Late payment charges: UGX 100 p.m. on the amount defaulted

Updated on : 1/ 1/ 2018