This is a high-volume and value savings account designed for registered SMEs, NGOs and Corporate business entities. Holders can accumulate savings as well as originate transactions for payment processing and funds transfer.
Features
Denominated in Uganda shillings (UGX)
Minimum balance of UGX. 100,000
Attracts interest on deposits accrued daily
The minimum interest-earning balance is UGX 1,000,000
Attracts a monthly ledger fee of UGX. 10,500
Benefits
Attractive interest paid semi-annually
One free monthly account statement Unlimited number of daily transactions Credit balances can be pledged as security for loans
Dedicated Relationship Officer
Requirements
Vary depending on whether the corporate entity is a Company, Partnership or a Club/Association
Minimum cash opening deposit of UGX 100,000
Additionally – A copy of the trading license, a certified true copy of the business registration certificate and the statement of particulars of the person(s) trading under the name of the sole proprietor(s) ONLY