Product Features

• Opening deposit of UShs 50,000
• Minimum balance is UShs 50,000
• No regular account maintenance fees
• Customer free to fully withdraw on reaching the agreed amount on account
• Option for a withdrawal of half 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

• Attractive interest rate
• 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 issued monthly on request