FIXED DEPOSIT ACCOUNT

FIXED DEPOSIT ACCOUNT Savings

Interest Rate

9.00% to 11.00% p.a.

Minimum Balance

2,000,000

Product Tag

Term: 12 months

About This Product

The BOOM/Fixed Deposit account is a high-yield savings option that enables members to earn substantial interest income on lump sum deposits. It provides competitive returns for members looking to grow their savings over a fixed term.

Product Features

  • Must be a registered SACCO member
  • Minimum period - 6 months
  • Minimum deposit of UGX 2,000,000
  • Member Contributes monthly
  • Member withdraws upon maturity
  • interest is computed monthly and compounded
  • Member forgoes interest benefit in case he withdraws before maturity
  • Voluntary

Requirements

  • Must be a registered SACCO member
  • Minimum period - 6 months
  • Minimum deposit of UGX 2,000,000
  • Member Contributes monthly
  • Member withdraws upon maturity
  • interest is computed monthly and compounded
  • Member forgoes interest benefit in case he withdraws before maturity
  • Voluntary
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