Fixed Deposit Account
This account encourages savers to invest their money and it earns attractive interest. Any member can fix any amount for a period of say 3 months,6 months, 8 months and 1 year and the client earns an interest of 12% pa.
Benefits
– Flexible withdraws
– Minimum amount Ugx 300,000=
– Invest and earn an attractive interest
– It can be used as the security for a loan
– Guaranteed interest is paid at maturity
– Free account opening and it is linked with ordinary account
Requirements
- Registration fee 5,000/=
- Building fee 10,000/=
- Stationery fee 6,500/=
- Share starting @ 10,000/=
- Minimum Savings 20,000/=
– Identification Card can be National ID, Driving permit
7Three Passport Photos
8. LC1 recommendation
FEATURES
Any member can fix any amount for a period of say 3 months,6 months, 8 months and 1 year and the client earns an interest of 12% pa
It can be used as the security for a loan
– Guaranteed interest is paid at maturity
– Free account opening and it is linked with ordinary account