Fixed Deposit Account
You work hard for your money; now make your money work hard for you with our Fixed Deposit Account.
Benefits
- Choice of currencies i.e. UGX, Euro, US Dollar or GB Pounds.
- Flexible deposit period
- No charges or fees
- Can use fixed deposit to access a loan or overdraft
- Account can be liquidated at any time at no cost
- Competitive interest rates
Main Features
- Account is available in US Dollars, GB Pounds, UGX and Euro.
- Funds can be fixed for term periods of up to 12 months
- Withdrawal of funds before the maturity date results in forfeiture of interest earned
- Fixed Deposit Certificate for each deposit
- Minimum amount to be fixed is 1,000,000 UGX or 1,000 USD
Basic Requirements
Fixing your money has never been easier. All you need is:
- Letter of Instruction on a company letter-head
- 1 passport size photograph of each signatory
- Copy of a valid identification i.e. Driving Permit, Passport, NSSF Card, Voter's Card, Financial Card (CRB Card) for each signatory
- Certificate of Incorporation
- Memorandum and Articles of Association
- Board Resolution to this effect
- Company Form 7
