- Minimum account opening balance UGX 5,000,000/=; USD 10,000; GBP 10,000; EUR 10,000
- Funds fixed on the account for term periods of 1, 3, 6, 9 or 12 months
- Interest calculated daily and paid at Maturity.
- Balances and statements available on request
- Confirmation of deposit receipts given on placement and on maturity of deposit
- Withdrawal of funds before maturity dates results in forfeiture of interest
- Mandatory written instructions to withdraw funds before maturity.
- Increase of deposit before maturity can be arranged and a new contract for the new balance made
- Competitive/attractive interest rates
- Varying maturity term periods to suit customer needs
- The interest paid provides a source of regular income
- High returns due to computation of interest on daily balances
- May secure loans and overdrafts
- Funds may be budgeted for future
- Provides motivation to save more
- Flexible account operation through delegation of authority to operate to second parties or dependents
- Facilitation of joint account operation
- Minimum opening balance for the selected account type
- Original Valid ID (National ID for Ugandans/ Passport for Non Ugandans) or Certified company registration documents
- One standard passport size photograph
- Proof of residence; either an electricity or water bill and/or a tenancy agreement
