In fact, according to the current trends, most of the banks are offering FD interest rates for non-senior citizen depositors in the range of 3%-5.4% p.a. You need a minimum deposit of Rs100,000. Barclays Online Banking offers high yield savings accounts and CDs with no minimum balance to open. Sitemap | Absa Bank Uganda Limited, company registration number 4227. ; Auto renewal# of Term Deposit on maturity; Tax Deducted at Source (TDS) The range of products that are available includes current accounts, savings accounts, foreign currency accounts, fixed term deposits, and loans. You can open a Barclays Term Deposit with a minimum of Rs. As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate. Sweep-in facility and sweep out facility is also available on term deposit. Current accounts; Barclays Bank Account; Premier Current Accounts ... if you find yourself in financial difficulties as a result of coronavirus so if you need access to your money from your fixed-term deposits, we might be able to help. Please check the latest applicable interest rate. The bank’s corporate communications manager, Peter Mwaura, said the deposit rate would only apply to fixed term deposits although there seemed to be confusion among the bank’s staff. The depositor can obtain interest credited on a quarterly basis on their Savings account or re-invest in their Term Deposit account till maturity. Learn more. Please check the latest applicable interest rate. Box 2971, Kampala, Uganda. You may apply for this account along with another applicant. They can be contacted by telephone: +256 417 122000/+256 417 To open a fixed deposit account, you are required to have a current or savings account with us. “I did not know how Nile Bank … Registered Office: Plot 16 Kampala Road, P.O. Barclays bank term deposit can be opened with a minimum amount applicable. Customer deposits are protected by the Deposit Protection Fund of Uganda. Fixed Deposit Account Guaranteed returns through minimum risks View All Yield Enhancing ... Standard Chartered Bank is Regulated by Bank of Uganda. Box 7101, Plot 2/4, Hannington Road Kampala Uganda. Their head office address is: Barclays Bank of Uganda Ltd, P.O. This account can be used to secure a loan or other banking facility. Simple or cumulative interest payment – Interest can either be credited on a quarterly basis to your Savings account or be re-invested into your Term Deposit account till maturity. Customer deposits are protected by the Deposit Protection Fund of Uganda. A minimum deposit is required. Mr Mukasa says he owned an account in Nile Bank but this was bought off by Barclays Bank in 2007 and in present day, it is called Absa bank. About Barclays Bank Fixed Deposit. 100 days after you have given notice the funds will be credited to your Funding Account. Find contact details for our operations in different regions (Europe, Asia Pacific, Americas, Africa and Middle East) and Group. The minimum deposit in foreign currency is USD5,000 or the equivalent. Features & Benefits. 10,00,000. 100 day Notice Deposit Account - This is a notice product that requires you to give 100 days notice of your intention to withdraw funds. Quick Links. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Partial withdrawals can be made on both notice accounts … The guaranteed rate their term Deposit with a minimum of Rs offers high yield savings accounts foreign. 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