This is an account where customers’ save for an agreed period of time and earn attractive interest rates.
What do I need to open up a Fixed Deposit Account & Flex FD Account?
Have a savings account with Pride
Account with other bank for Corporate customers
The minimum deposit for Fixed Deposit Account is Ugx 100,000 and Ugx 50,000 for MEC (group) clients
The minimum deposit for Flex FD is Ugx 10,000,000 and the minimum deposit term is 3 months.
Valid National ID/Driver’s license with NIN/Passport with NIN/Refugee ID
Benefits of Fixed Deposit & Flex FD Account
Earn sizeable returns in interest on both Fixed Deposit & Flex FD accounts
Monthly interest pay-outs for Flex FD
Competitive rates of up to 12% per annum and negotiable for amounts above Ugx 30m
Flexible tenures of 1-12 months for Fixed Deposit account and 3-12 months for Flex FD
Both Fixed Deposit & Flex FD accounts can be used as collateral for credit facilities