Target Savings Account

Save for future use by making small frequent deposits daily, weekly and/or monthly on your target account towards achieving a specific future goal.

Small savings, BIG Investments

Target market: customers who wish to save for future use.

FEATURES

  • Initial Deposit: UGX 10,000
  • Minimum Balance to earn interest: UGX 100,000
  • Monthly Fee:  N/A
  • Interest rate & Calculation: 8% accrues monthly and is credited at the end of the contract.
  • Transaction Fees: N/A
  • Funds Transfer: N/A
  • Statements: 1 free per month

Account Opening Requirements:

  1. A passport photo
  2. Photocopy of the National/Refugee ID
  3. original Passport with a valid entry permit, resident permit