FIXED DEPOSIT ACCOUNT

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.

What You Get

• 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

What You Need

Have these ready — it makes the process quick and easy.

1. 1 Must be a registered SACCO member
2. 2 Minimum period - 6 months
3. 3 Minimum deposit of UGX 2,000,000
4. 4 Member Contributes monthly
5. 5 Member withdraws upon maturity
6. 6 interest is computed monthly and compounded
7. 7 Member forgoes interest benefit in case he withdraws before maturity
8. 8 Voluntary