Investment Club Current Account

Our Investment Club Account is an account for groups of people coming together to pool resources for Investment purposes through overdraft and mortgages.

Features of Investment Club Current Account:

  • Minimum of 4 people required to form a club
  • Opening balance of UGX 100,000/ USD 50/EUR 50/GBP 50.
  • Access to group mortgages of up to 300% of the club savings.
  • Access to an overdraft facility of up to 50% of the club funds.
  • Tiered interest based on account balance to accrue daily and applied semi-annually
    • UGX 100,000 – 1,000,000 : 3% pa.
    • Ugx 1,000,001– 5,000,000 : 4%pa.
    • Ugx 5,000,001 -30,000,000: 6 % pa.
    • Ugx 30 ,000,000: 7%pa.

Benefits:

  • Competitive interest rates of up to 7% p.a.
  • Access to 300% group mortgages and 50% OD of the funds held on the account.
  • 1st cheque book issue free of charge.
  • Free monthly statements.
  • Preferential forex rates.
  • Regular training and capacity building

Requirements:

  • Club registered as an entity for instance company limited by guarantee; partnership; SACCO; Association etc.
  • Where the club is registered as an entity for instance a SACCO, Associations, Company limited by guarantees etc. the requirements for that entity will apply

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