Classic Savings

What is a Classic Savings Account?

The Classic Savings account is perfect for individuals who want a secure place to save while earning steady interest. It provides financial stability, flexibility, and access to essential banking services.

Account Purpose

Encourage consistent saving habits and provide safe, reliable returns

Ideal For

Students, families, and individuals starting their savings journey

Key Differentiator

Low opening balance requirement and easy account accessibility

Eligibility Requirements

Qualifications to open and maintain this account

Minimum Opening Balance

UGX 50,000 initial deposit required to activate the account

Minimum Monthly Balance

Maintain at least UGX 20,000 average monthly balance

Age Requirement

Primary account holder must be 18 years or older

Residency Status

Must be a resident of Uganda with valid proof of address

Identification Documents

Valid national ID, passport, or driving license for verification

Minimum Balance Comparison

Classic Savings

UGX 50,000

Premium Savings

UGX 1,000,000

Classic

3.5%

Premium

6.5%

See how Classic Savings compares to other accounts

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