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Address
Luzira, Ring Road at CiplaQcil
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Phone
+256 200 923 581
Group Savings Account
7% p.a.
S07. Group Savings Account (GSA)
Description
Savings account for groups with initial deposit of UGX 500,000. Interest applies for savings beyond 6 months.
| Minimum Monthly Deposit | UGX 100,000 |
|---|---|
| Minimum Balance | UGX 200,000 |
| Interest Rate | 7% per annum |
| Interest Period | Annually |
| Maximum Withdrawals Per Year | 3 times |
| Penalty for Extra Withdrawals | 1% of withdrawn funds |
| Additional Criteria | Initial deposit: 500,000. Interest applies for savings beyond 6 months. Withdrawal: max 3 times a year unless savings are collateral to a loan. Contribution frequency: monthly. Maximum savings: no limit. |
Product Features
Fixed Time Deposit
Withdrawals Enabled
Daily Periodic Savings
Fixed Deposit Return
Other Savings Products
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Regular Savings Account (RSA) 5% p.a.View
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Welfare Savings Account (WSA) 5% p.a.View
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