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TERM DEPOSITS ACCOUNTS

Announcements

Dear Customer, please note that we have revised our Interest Rates and improved our Product Service delivery w.e.f 01.10.2018; Visit our nearest branch for update. View More...

Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Exchange Rates

STAR FIXED DEPOSIT ACCOUNT

Higher rates on fixed sum of money/Funds placed for a specific period and interest is paid on maturity of the deposit. The deposit can be re- invested or paid out according to client’s instructions; it can also be used as security for accessing an advance facility.

Main Features and Benefits

  • Account is available in a variety of currencies UGX & USD.
  • For UGX accounts a minimum deposit of UGX 1,000,000.
  • Funds can be fixed on the account for term periods of 3, 6 or 12 months depending on customer’s choice of period.
  • Withdrawal of funds before the maturity period agreed on, results into penalty of interest earned.
  • Extra source of income is realized since Interest is paid on maturity and there are no charges on the account.
  • Funds in your fixed deposit account can be used to secure loans and overdrafts up to 90%.
  • Automatic renewal of the deposits on the maturity date (with prevailing interest rates on the date of maturity) in cases with no specific repayment instructions given by clients.


Basic Requirements

  • Initial deposit you intend to fix with BOIUL.
  • Valid Identification (Passport, Voter’s card, Driving permit, Financial Card, NSSF Card, National ID).
  • Two (2) recent passport size photographs.
  • Proof of mailing & physical address (Utility Bill copy, Tenancy Agreement, Letter from LC or Employer).

 

STAR RECURRING DEPOSIT ACCOUNT