Savings Accounts

With our savings account platform, we enable you have a bright future by saving extensively with interests incurred.

Everyone is different so one size never fits all

That is why we have a wide range of accounts to fit everyone, regardless of situation or lifestyle. So whether you want a basic account or one bursting with options, you will find the right account that meets your expectations.

Regular Savings Account

Take the first step towards managing your money better.
There is a UBA Savings account suitable for everyone.

Third-party cheque deposit.
 Flexible opening balance
• Third party transactions allowed
• Unlimited number of withdrawals
 Withdrawal either by cheque or withdrawal slip
 Attractive interest rates
 Flexible operating balance
 Access to digital banking products & services

UGX 25,000 opening balance
• UGX 20,000 minimum operating balance
• Monthly management fee UGX 2,500
• Free cash deposits
• Visa/ Mastercard Debit card
• Lodgment of dividend warrants and cheques

 

Requirements:
• Only a passport photographs required
• A NIRA filled form.

Requirements:
• 2 passport photos
Valid ID i.e. National ID for locals and international passport for foreigners.
• Work ID accompanied with introductory letter from employer
Student IDs accompanied by introductory letter institution stating age of the student for the secondary / high school students (they should be above 18 years of age)
• Birth Certificate or Immunization card: in case of a minor
• Valid International passport 

For Students

We have unique savings accounts for the students with a distinctive sense of identity.

• A valid means of ID (National ID)
• Passport photograph(for business, one for each of the owners)
• Utility bill (not exceeding 3 months old)
• Certificate of Incorporation/Registration/CBN License (for business enterprise)
• Two references from current account holder

  • –  Interest is 3% per anum.
  • –  Opening balance UGX: 5,000/=
  • –  Minimum operating balance is UGX: 5,000/=
  • –  A free personalized Debit Card.
  • –  3 withdraws per month, above which one months interest is forfeited.
  • –  Affordable rates
  • –  Access of funds in an easy, convenient and trendy way
  • –  Flexibility: Customers can access their accounts online, USSD and on Chat Banking and transact.
  • –  Customers are assured of safety of their funds
  • –   Rewarding: Customers will enjoy benefits accrued from interest rates on savings accounts.
  • –  Culture cultivation: Students will entrench within themselves a savings culture due to the engaging characteristics of the account like interest with consistent adherence to the limits set.

For Employees

Are you an employee?
Take the first step towards managing your money better.

• A valid form of ID (National ID)
• Employee ID (low KYC account opened in the absence of international passport/driver’s license/National ID/voter card)
• Letter of Introduction from employer
• A passport photograph
• Utility bill (not necessary if applicant’s company has a UBA account)

  • –  ATM withdraws cost UGX: 700/=
  • –  Minimum operating balance UGX: 20,000/=
  • –  Minimum account balance UGX: 10,000/=
  • –  Monthly management fees UGX: 20,000/=.
  • –  Withdraw below 5m cost UGX: 2,000/= above 5m is (2.5% minimum of UGX: 30,000/=)
  • –  Access to Loans
  • –  Free online Business workshops to help your side hustle.
  • –  Unlimited transactions
  • –  A contactless Debit Card
  • –  Real-Time SMS alerts

For The Self Employed

Are you self employed?
Take the first step towards managing your money better.

• A valid means of ID (National ID)
• Passport photograph(for business, one for each of the owners)
• Utility bill (not exceeding 3 months old)
• Certificate of Incorporation/Registration/CBN License (for business enterprise)
• Two references from current account holder

  • –  ATM withdraws cost UGX: 700/=
  • –  Minimum operating balance UGX: 20,000/=
  • –  Minimum account balance UGX: 10,000/=
  • –  Monthly management fees UGX: 20,000/=.
  • –  Withdraw below 5m cost UGX: 2,000/= above 5m is (2.5% minimum of UGX: 30,000/=)
  • –  Access to Loans
  • –  Free online Business workshops to help your side hustle.
  • –  Unlimited transactions
  • –  A contactless Debit Card
  • –  Real-Time SMS alerts

For Children

Would you like to open an account for your child?

  • • A valid means of ID
    • (National ID for nationals and Passport for Fereigners)

    • • Passport photograph of child and parent
    • • Birth certificate of child
    • • Utility Bill

  • ·        Account accrues interest i.e. 4% per annum
  • ·        A savings account that gives a 13th month reward i.e.
    10% of the monthly savings plan amount if SPA is maintained uninterrupted for 12 months.
  • ·    Account opened by parents/guardians for minors below 13 years of age.
  • ·    Full KYC documentation for the parents/guardians that include national ID, proof of income, residence and 1 passport size Photo.
  • ·     Full KYC documentation for the minor that include birth certificate or Child Immunization card or School Report Card and 1 passport size photo.
  • ·        Deposit, Withdraw and Funds Transfer capabilities.
  • ·    Limited number of withdraws per month i.e. Forfeit interest for
    three or more withdraws in one month from the account.
  • ·   Cash deposit limits on minimum balance and minimum deposit of UGX 25,000/=
  • ·    E- Channels access on online banking/ USSD and Chat Banking on Leo.
  • ·      Unlimited number of Deposits per month and no cash deposit limit.
  • ·    No ATM card
  • ·   Account with a back end code that allows transitioning to a
    transactional account when the minor makes 13 years 
    • ·        Convenience: Customers can save for their children in an easy, safe and convenient way.

      ·        Wealth Pool: Customers can pool savings for their minors in smaller manageable proportions to create a big value for future investment.

      ·        Rewarding: Customers will enjoy benefits accrued from interest rates on savings accounts and 13th month Cheques for keeping funds on the accounts.

      ·        Flexibility: Customers can access their accounts online, USSD and on Chat Banking and transact.

      ·        Safety: Customers are assured of safety of their funds when saved in the bank

    UBA Target Save Account

    For bank customers saving towards a specific goal/achievement/ambition.

    • • A valid means of ID (National ID)
    • • Passport photograph
    • • Utility Bill (not more than 3 months old)
    • • Opening balance of UGX 50,000/=

    • • Tiered Interest from 3% up to 5.5% per annum.
    • • 3 withdraws per month, above which one month’s interest is forfeited.
    • • Monthly card management fees of UGX 2,500/=
    • • E-channels Access: Online Banking/ USSD/ Chat Banking etc
    • • Minimum Account balance of UGX 50,000/=
    • Credit interest

    • – Ugx 500,000 – 5,000,000 = 3%
    • – Ugx 5,000,001- 10,000,000 = 4%
    • – Ugx 10,000,000 – 50,000,000 = 4.5%
    • – Ugx 50,000,000 and above = 5.5%

    • • Convenience: Easy access to client’s funds in convenient and accessible channels. 
    • • Rewarding: Customers will enjoy tiered interest rates on their savings which increase as the deposits grow.
    • • Flexibility: Customers can access their accounts online, USSD and on Chat Banking and through our ATMs and Interswitch and Visa platforms.
    • • Safety: Customers are assured of safety of their funds when saved in the bank
    • • Culture cultivation: Individuals will entrench within themselves a savings culture due to the engaging features of the account like interest with consistent adherence to the limits set.

    All Savings Accounts Come With

    Internet Banking

    Secure Transactions

    Transaction Notifications

    24/7 Banking

    UBA Online Account

    No need to visit the bank

    The UBA Online Account is a unique account designed for people who desire to carry out their banking activities purely online, without visiting a bank branch.

    Enjoy the flexibility of banking on the go, with our electronic channels (internet banking, mobile banking, ATM and EmailMoni) and get a 30% concession on transaction fee.