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Savings account with an unlimited number of transactions permitted throughout the month. This account targets both women and men above the age of 18 years enabling them to transact at a low cost. It is suitable for micro and small-scale business owners
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Features
- Denominated in Uganda shillings (UGX)
- Minimum balance of UGX. 5,000
- Monthly ledger fee of UGX 1,500
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Benefits
- Attractive tiered interest rates
- One free monthly account statement
- Credit balances can be pledged for loans
- Life insurance coverage with many benefits
- Dedicated Relationship Officer
- Interest is paid semi-annually
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Requirements
- Minimum account opening deposit of 5,000
- Two (2) recent passport-size photo (coloured)
- Copy of Identity Document (ID) – National Identity card OR, National passport for foreigners
- Proof of residence – Utility bill of EITHER Electricity, Water or Telephone or LC1 Chairpersons Letter containing particulars of the area of residence
- Particulars of the Association/group /club registered for business purpose