Product Features

• Opening deposit of UShs 50,000.
• Minimum balance is UShs 50,000.
• Standing order charge of UShs. 3,000.
• No regular account maintenance fees.
• Customer free to fully withdraw on reaching the agreed amount on account.
• Option to withdrawal half of the amount on account once during the savings contract period.
• No ATM card issued.
• Monthly commitment for standing orders or cash deposits into the account can be arranged.
• Instant transaction alerts for transactions.

Benefits

• Competitive interest rate of 5% p.a.
• Helps the customer to finance productive assets or investment through savings entirely or alongside some borrowing.
• Customer can get a loan equivalent to 100% of the amount on account to pay for the desired asset/ investment.
• Interest paid on monthly basis.
• Account can be pledged as collateral for loans.
• Account balance can be topped up through making cumulative deposits regularly.
• Access to a variety of bank products like CenteMobile and PC banking.
• Permits deposit by way of cash, wire, cheques, and any acceptable means of deposit.
• One free account statement is issued monthly on request.