Institutional Fixed Deposit Account
Institutional Savings Accounts
This account is perfect for institutions, projects or NGOs who have money that is not for immediate use and willing to invest it for a specified period to earn from attractive interest rates.
- Fixed term of 3, 6 or 12 months
- Pre-termination is allowed but 50% interest accrued will be forfeited.
- Interest is paid at the end of each contract less withholding tax Interest rate
- Interest of 2% per annum on investment of UGX100 000 to 500,000;
- Interest of 3% per annum on investments greater than UGX 500 000
- Interest of 5% per annum on investments greater than UGX 10m
- Interest of 9% per annum on investments between UGX10m to 50m UGX
- Earn 10% interest per annum on investments greater than UGX50m