Star Fixed Deposit Accounts

  • 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.

Star Fixed Deposit Accounts

  • 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).
 
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