Target Deposit

What is a Target Deposit Account?

The Target Deposit account is designed for customers who want to save towards a particular goal with discipline and consistency. It provides attractive returns, structured deposits, and ensures you reach your financial target.

Account Purpose

Save consistently towards a planned financial goal

Ideal For

Individuals saving for school fees, weddings, business capital, or major purchases

Key Differentiator

Structured monthly deposits with commitment periods and higher returns

Eligibility Requirements

Qualifications to open and maintain this account

Minimum Opening Balance

UGX 100,000 initial deposit required to start your savings target

Commitment Period

Minimum commitment of 6 months with agreed monthly deposits

Monthly Deposits

Regular fixed deposits required each month until maturity

Age Requirement

Primary account holder must be 18 years or older

Identification Documents

Valid national ID, passport, or driving license for verification

Minimum Deposit Comparison

Target Deposit

UGX 100,000

Premium Savings

UGX 1,000,000

Interest Rate Advantage

Target

5.0%

Premium

6.5%

Compare Target Deposit with other savings options

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