Investment Club Account

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

Features:

  • Minimum of 4 people required to form a club
  • Opening balance of UGX50,000/ 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.
  • Third party savings withdraw voucher.
  • 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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