info@ntindadevelopmentsacco.com

Ntinda Business Village
Building First Floor Room A02.

+256 701746248 | +256 788531249

SAVINGS

ORDINARY SAVINGS ACCOUNT

We give regular income earners secure and unlimited access to their money through any of the service delivery channels; over the counter.

Target Market Regular income earners

FEATURES
  • Initial deposit: UGX 10,000
  • Minimum Balance: UGX 10,000
  • Monthly Fee: Free
  • Interest Rate: N/A
  • Statements: 1 free per month
  • Free deposit and withdraw any time.
ACCOUNT OPENING REQUIREMENTS:
  • 2 Passport photos
  • Copy of National/Refugee ID

FIXED DEPOSIT ACCOUNT

Save your money in a risk free investment with flexible terms over a period of time (3 months – 2years) at competitive interest rates.

Target Market Potential clients who wish to save their money and earn interest at the end of theperiod.

FEATURES
  • Initial deposit: UGX 100,000
  • Minimum Balance: Fixed Deposit
  • Monthly Fee: N/A
  • Interest rate & Calculation: 6-13% p.a. negotiable
  • Transaction Fees: At maturity
  • Funds Transfer: N/A
  • Statements: 1 free per month
ACCOUNT OPENING REQUIREMENTS:
  • 2 Passport photos
  • Copy of National/Refugee ID
  • Passport with a Resident Permit for Non Ugandans
  • Amount to be fixed

TARGET SAVINGS ACCOUNT

Save for future use by making small frequent deposits daily, weekly and/or monthly on your target account towards achieving a specific future goal.

Target Marketcustomers who wish to save for future use.

FEATURES
  • Initial deposit: UGX 100,000
  • Minimum Balance to earn interest: UGX 100,000
  • Monthly Fee: N/A
  • Interest credited at the end of the contract.
  • Transaction Fees: N/A
  • Funds Transfer: N/A
  • Statements: 1 free per month
ACCOUNT OPENING REQUIREMENTS:
  • A passport photo
  • Photocopy of the National/Refugee ID

SHARE ACCOUNT

Low-income earners who manage diversified portfolio of informal savings with an established leadership structure; serving them and their communities to provide safety and guaranteed access to formal financial services.

Target Market Low-income Ugandans who manage diversified portfolio of informal savings in an established leadership structure.

FEATURES
  • Initial deposit: UGX 100,000
  • Minimum Balance: Fixed Deposit
  • Monthly Fee: N/A
  • Interest credited at the end of the contract.
  • Transaction Fees: N/A
  • Funds Transfer: N/A
  • Statements: 1 free per month
ACCOUNT OPENING REQUIREMENTS:
  • Duly certified copies of the constitution and by-laws.
  • Certified copy of Certificate of registration (in case of registered entities).
  • Resolution passed by the executive committee to open an account including the mandate to operate it.
  • 3 account Signatories
SIGNATORIES' PERSONAL DETAILS
  • Photocopy of National/Refugee Identity Card
  • 1 Passport photo for each signatory of the account

WEEKLY FIXED COMPULSARY SAVINGS ACCOUNT(ONLY FOR NTINDA YOUTH DEVELOPMENT ORGANIZATION)

Save your money starting from 10 000 to any amount weekly in a risk free institution with flexible terms over a period of 52 weeks at very competitive interest rates.

Target Market All income earners in Ugandan who need to be pushed forward and manage diversified portfolio of informal savings in an established structure.

FEATURES
  • Initial deposit: UGX 100,000
  • Minimum Balance: Fixed Deposit
  • Monthly Fee: N/A
  • Interest credited at the end of the contract.
  • Transaction Fees: N/A
  • Funds Transfer: N/A
  • Statements: 1 free per month
ACCOUNT OPENING REQUIREMENTS:
  • National id
  • Two passport photos
  • Next of keen
  • Medical fee
  • Education fund
GENERAL MEMBERSHIP REQUIREMENTS FOR ALL ACCOUNTS:
  • National id
  • Two passport photos
  • Next of keen
  • At least One share worth 10000 ugx
  • Membership fee 20000 ugx