Savings Products
Goldflint Savings and Credit Cooperative Society Limited offers the following:
– Ordinary Savings Account
– Fixed Deposit Account
– Target Savings Account
REQUIREMENTS
The requirements for account opening are:
– Duly filled and signed application form
– 1 passport photo
– National ID
– Initial deposit
Ordinary Savings Account
This account is for clients who want to save but also withdraw their funds from time to time without any limitation. It’s also a requirement for every loan applicant because that’s where loan funds are deposited/disbursed after loan approval
- Minimum opening balance: UGX 20,000
- Minimum balance: UGX 10,000
- Interest: 6% p.a. (The interest is calculated daily and credited monthly)
- Unlimited deposits and withdraws
- One-month free bank statement
- No transaction fees
- Get a loan: You can acquire a loan through your account
- Ease of access: Transact using our Goldflint Mobile banking & Online banking platforms
Fixed Deposit Account
This account is for clients that would like to save a lumpsum of money at once and earn interest at the end of the 12-month maturity period
- Minimum amount: UGX 5m
- Period: 12 months
- Interest 10% p.a.
- No withdrawal until the 12 months elapse
- Get a loan: Client eligible to apply for an unsecured emergency loan any time after 6 months. Loan amount is not more than 50% of the client’s fixed deposit
- Ease of access: Transact using our Goldflint Mobile banking & Online banking platforms
Target Savings Account
- Minimum opening balance: UGX 50,000
- You can keep depositing any time
- Period: 12 months & 24 months
- Indicative Interest: 30% p.a. (The interest is calculated daily/monthly and credited at the end of the period)
- No withdrawal until the end of the period
- Periodic bank account statements issued
- Get a loan: Client eligible to apply for an unsecured emergency loan any time after 6 months. Loan amount is not more than 50% of the client’s savings at that time
- Ease of access: Transact using our Goldflint Mobile banking & Online banking platforms
A Savings Advisor will contact you shortly.