Give your savings a boost with some of the best savings rates available. Open one of our savings accounts or interest-bearing accounts and get free deposits, free statements, free mobile banking and free internet banking. Choose between a High Rate Savings Account, Bonus Savings Account, Instant Savings Account, Target Save Account, Fixed Deposit Savings Account or a Junior Savings Account.
High Rate Savings Account
Maximize your savings potential and make the most of your money. Earn interest on your savings and receive bonus interest by refraining from withdrawals, all without worrying about any monthly fees.
Key benefits
- Tiered quarterly interest of up to 4%
- Zero monthly ledger fee
- 1 free withdrawal per quarter
- Quarterly bonus interest if no withdrawal in a quarter
- Requirements for this account
Requirements
- You need a minimum operating balance of UGX2,000,000
- Minimum balance breach fee UGX15,000
- Initial account deposit of at least UGX50,000
bonussavingsaccount
Bonus Savings Account
By consistently saving your money, you do not only build your savings but also earn interest on it. With zero monthly fees, you can grow your savings even further.
Key benefits
- Zero monthly ledger fees
- Tiered quarterly interest of up to 2%
- Quarterly bonus interest if no withdrawal in a quarter
- 1 free withdrawal within a quarter
Fees
- UGX10,000 for additional cash withdrawals
- Initial account deposit of at least UGX50,000
instantsavingsaccount
Instant Savings Account
A savings account that gives you quick and easy access to your funds. Take control of your savings and start earning interest with a saving option that lets you maximise your earnings.
Key benefits
- Tiered quarterly interest on your deposits of up to 1%
- Access to a Visa Debit Card that’s accepted worldwide
Requirements for this account
- Minimum operating balance of UGX500,000
- Monthly fees UGX1,900
- Minimum balance breach fee UGX15,000
fixeddepositaccount
Fixed Deposit Account
Save for the future the secure way and invest your funds for a specific period of time while you earn guaranteed interest.
Key benefits
- Low-risk and competitive return on your funds
- Interest is fixed for term of investment
- Premium rates apply and interest is paid at maturity
- Flexible investment terms available
- Available in local and foreign currency
targetsaveaccount
Target Save Account
Target save and earn interest rates of up to 10%. Start reaching your financial goals today make the most of your money. Grow your savings and achieve your dreams.
Key benefits
- Zero monthly ledger fees
- Tiered monthly interest of up to 10%
- 1 free withdrawal within a quarter
- Free inter-account transfers
- Free standing order set up
- Free standing instructions Absa to Absa
Requirements
- UGX15,000 for additional cash withdraws
- UGX50,000 for unpaid standing instructions
- Initial account deposit of at least UGX50,000
juniorsavingsaccount
Junior Savings Account
This can be a step towards financial stability to help the young ones grow and become more financially secure. By consistently saving and being mindful of their finances, they can build a solid foundation for a brighter financial future.
Key benefits
- Zero monthly ledger fees
- Tiered quarterly interest of up to 0.15%
- Quarterly bonus interest if no withdrawals in a quarter
- 1 free withdrawal within a quarter
Requirements
- The account should be opened by a parent in favour of the child
- Available to customers aged 18 and younger
- UGX10,000 for additional cash withdraws
- Initial Account deposit of at least UGX50,000
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