Product Features

• Account denominated in Uganda Shillings (UShs).
• Account opening cash deposit is zero.
• Minimum balance required UGX. 5,000.
• Account attracts interest.
• No Account maintenance fee.
• Statement of account issued monthly.
• Permits deposit by way of cash, wire, cheque, and any acceptable means.
• Permits cash withdrawal by completing a withdrawal voucher.
• SMS transaction alerts.

Benefits

• • Tiered interest on account balances:
  • 3% p.a. for balance UShs. 2 million - UShs.300 million.
  • 4% p.a. for bal UShs. 300 million - UShs. 500 million.
  • 5% p.a. for balances above UShs. 500 million.
    • Free withdrawal over the counter.
    • Once free account statements per quarter.
    • Free financial literacy and entrepreneurship training.
    • Convenient 24/7 banking with CenteLinkApp.
    • Access to alternative channels, i.e. internet banking.

   

  Insurance Cover:

  • Protective Insurance policy to cover principal members, spouses and children. Such insurance packages range between UShs. 36,000 and UShs. 108,000 as funeral cash, to cover death, accidents, critical sickness, i.e. member receives UShs.10 million, member’s spouse receives UShs. 5 million, and member’s four (4) children receive UShs.1.2 million each.