Account where a customer's deposits are fixed for the agreed period of time subject to non-withdrawals before the elapse of the period. Interest income will be forfeited for withdrawals made before maturity period.

Main Features

  • Savings fixed deposit account ideal for short and long term, i.e. 3, 6 or 12 months
  • Minimum amount to be fixed is UGX 1,000,000
  • Deposits are made once at the start of the saving period
  • No bank charges
  • Certificate of deposit can be used as a guarantee to apply for a loan.

Benefits

  • Account earns interest depending on the amount and period
  • Account can be liquidated any time on notice
  • Account can be pledged as collateral for loans.

Basic Requirements

  1. Individuals
    • Proper identification documents i.e. valid ID, Passport or driving license
    • Instructions to open a fixed deposit account.

  2. Limited Liability Company/ Associations/Groups
    • Memorandum of Association
    • Management resolution

For further information, contact us or call +256-41-4259651/2.

Customer Care

+256-41-4259651/2+256-41-4341429