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Target Savings Account
This is a plan to save monthly, for a set period, for the things that matter to you...
Target Savings Account
Most effective saving strategies are those that create and observe a timed specific realistic target. For example, several individuals desirous to make major acquisitions or visit sites like Mecca, Jerusalem, etc. This non-transactional product is a plan to save monthly for a set period and is thus binding via a contractual agreement.etc
Account Features
Minimum Account Deposit
UGX50,000
Minimum Save Period
6 months
Maximum Save Period
24 months
Early Account Termination Fee
UGX50,000
Benefits
No Transaction Ledger Fees
No Monthly Management Fees
Ability and discipline to build savings deposits over time and aimed at achieving one’s goals
Competitive interest rates and flexible savings periods
The Account can be operated jointly.
Are you ready to apply?
Requirements: 1 passport-size photo, Valid ID (National ID for Ugandans, Passport with work permits or residence permit for foreigners), Account Opening Balance UGX50,000
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