Ug fixed deposit
Ug fixed deposit x
  1. Accounts & Deposits
  2. Fixed Deposit

Fixed Deposit

Secure your future with our fixed deposits’ high growth potential and guaranteed returns

Benefits

Account Features

Flexible tenure options allowing you fix your money for 3 months, 6 months, 9 months or 12 months.

Borrow against and up to 95% of your Fixed Deposit amount at nominal rates.

Interest is paid at maturity to current or savings accounts. An upfront interest payment option is also available.

Attractive returns with complete security and competitive interest rates.

Application Eligibility

  • Initial deposit: UGX10,000,000 or USD10,000
  • A current account or a Savings account is required to open a Fixed Deposit
  • Early termination is subject to a revision of the initial interest rate

Documents Required

  • Original / copy of National ID
  • Selfie Photo
  • If US Person, upload W-8 BEN / W-9 BEN form
  • If US Green Card holder, upload W-9 BEN form

Application Eligibility

  • Existing account holder
  • Age: 18 years and above

Documents Required

  • Original / copy of Passport
  • Valid Work / Residence Permit
  • Address Proof (Utility Bill, Tenancy Agreement, Employer Letter)
  • Selfie Photo
  • If US Person, upload W-8 BEN / W-9 BEN form
  • If US Green Card holder, upload W-9 BEN form

Fixed Term Deposits are long and short-term deposits offering competitive interest rates and flexible investment periods.

The Fixed Deposit Account is available in Uganda Shillings and US Dollar.

You must instruct us in writing (or any other way we agree to accept) before the maturity date whether you want:

  • us to pay you the principal and interest on the maturity date; or
  • to renew the fixed deposit

Terminating the fixed deposit before it matures is not allowed. In the event of partial or total early withdrawal, charges may apply and you will forfeit all the interest accrued.

In the event that interest has been paid before maturity the Bank will recover the paid interest from you.

Call Us

Call our hotline for further information.

(+256)200524100

(+256)313294100

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Fixed Deposit Enjoy high growth potential and guaranteed returns.

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