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