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Address
Luzira, Ring Road at CiplaQcil
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Phone
+256 200 923 581
Fixed Deposit Account
7.5% p.a.
S04. Fixed Deposit Account (FDA)
Description
High-yield fixed deposit account with interest rates from 7-8% depending on fixing period. Minimum deposit of UGX 2,000,000.
| Minimum Monthly Deposit | UGX 2,000,000 |
|---|---|
| Minimum Balance | UGX 2,000,000 |
| Interest Rate | 7.5% per annum |
| Interest Period | Annually |
| Maximum Withdrawals Per Year | 1 times |
| Penalty for Extra Withdrawals | 1% of withdrawn funds before maturity (withdraw charge) |
| Penalty for Early Withdrawal | Forfeiture of interest income |
| Additional Criteria | Interest rate depends on the period money is fixed. Withdraw charges: 20,000 per withdrawal. Minimum fixing period: 6 months. Maximum fixing period: unlimited. Interest computation: monthly and compounded. |
Product Features
Fixed Time Deposit
Withdrawals Enabled
Daily Periodic Savings
Fixed Deposit Return
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