Target Deposit Account
Our Target Deposit Account is a high interest bearing account that encourages financial discipline through savings. The account is designed to enable you save towards a specific target.
- Attractive interest rates
- No monthly charges attached
Features
Benefits
Features
Minimum opening deposit UgX 35,000
Minimum balance UgX 10,000
- No charges on withdraws
- Competitive interest rates of 4% every after 3 months
- No premature withdrawals
- Target deposit form must be filled at account opening
Benefits
- Tied interest up to 4% p.a for members
- One free withdrawal per quarter
- No monthly charges attached
- Helps the customer to finance productive assets or investment.
- A member can access a loan using his target savings as collateral.