Target Savings Account

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

Small savings, BIG Investments

Target market: Potential clients who wish to save for future use.
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
Account Opening Requirements: Same as OSA, an OSA must exist or be opened on which to transfer funds after maturity/termination of account/contract.

Statements: 1 free per month