Investment Clubs

Are you part of a savings group in your family, group of professionals or at the workplace?

Overview

Join hands today and make the most of your collective strength in saving to develop your life and grow your investment portfolio with the BOA investment club account today. Together let us build your collective dream. We will stay true to our promise “as strong as a group, as close as a partner".

GROUP PROJECT FINANCING Access financing up to three times your group savings

ATTRACTIVE INTEREST Enjoy attractive interest rates

AFFORDABLE FEES Affordable monthly fees

FREE CHEQUE BOOK Free first cheque book

CAPACITY BUILDING Access to tailor made financial literacy and capacity building programs

RELATIONSHIP BANKING Dedicated Relationship Manager

Minimum account opening cash deposit of UGX 50,000. This is part of your club initial saving
One (1) most recent passport size photo of the account signatories
Valid identification document of account signatories (National ID for Ugandans or passport for foreign nationals)
Certified copy of club registration certificate
Certified copy of club by-laws/Constitution
Signed copy of minutes and certified resolution to open account with agreed account operating mandate

Opening balance – UGX 50,000
Monthly management fees – UGX 5,000
Minimum balance to earn interest – UGX 100,000
Withdraws per month – 3 free
Below minimum balance charge per month – UGX 15,000
Deposits - Free

N:B. All other transactions not included in the above list will be charged at the pay-as-you-transact fee.

Download our services and products pricing guide for more information.

Ways To Apply

Open now Fill out your secure investment club account application in under 10 minutes to get started today.

Open
Account

Book an appointment Meet with one our Relationship Managers at a branch, your office or virtually

Book
Now

Call Us Reach our Service team now to get quick help in signing up for our services

Call
0800 100 140

How to get started

Join hands today and make the most of your collective strength in saving to develop your life and grow your investment portfolio with the BOA investment club account today. Together let us build your collective dream. We as BANK OF AFRICA will stay true to our promise “as strong as a group, as close as a partner".

Investment clubs are an excellent foundation for bigger investment ventures you can undertake as a club – buy land, develop real estate, or any other income generating ventures to grow your portfolio. Imagine this, what you could not do as an individual is now possible – together.
Pool resources to gain financial experience and knowledge sharing.
Benefit from shared responsibility and risk management. You do not have to bear the risk of developing alone.
Boosts your social, financial, and professional networks within your community.