Investment Club Account.
Work together to explore bigger opportunities.
Open a BOA Investment Club Account today and let your money do more for you and your investment group. Earn attractive interest up to 5% on your savings and access loans up to 3 times your savings.
- Monthly ledger fees - UGX 2,500
- Minimum balance to earn interest UGX 100,000
- 3 free withdrawals per month
- Additional withdrawals to attract UGX 15,000 charge
- Below minimum balance penalty - UGX 10,000
- Interest paid monthly
- Free 1st cheque book
- Free deposits
- Two accounts for the cost of one - Current remunerated account and Fixed/Call deposit account with possibility of carrying out free automatic money transfers
- Loan amounts of up to 3 times of savings held.
- Dedicated Relationship Manager per group
- Free E-Statements for all group members
- Extended loan periods of up to 48 months.
- Free quarterly club trainings
- Free standing orders within BOA for Group members
- Free internet banking (View only)
- Access preferential rates on custodial services & fixed deposits
- 1 Passport photograph of each signatory (Minimum of Four signatories)
- Certified copy of Certificate of Registration
- Certified By Laws/Constitution/Copy of relevant Act
- Signed extract of minutes of the meeting of the appropriate Body/Certified and registered resolution
- Valid Identification documents of each signatory (Passport/Driver's license/ID Card)