Fixed Deposit Savings
Savings Products
This is a savings product that enables a member to earn interest income on a lump sum de- posit (boom) with EXODUS SACCO for an agreed period of time.
Characteristics of Fixed Deposit Savings
This is a savings product that enables a member to earn interest income on a lump sum de- posit (boom) with EXODUS SACCO for an agreed period of time.
| Characteristic | Description |
|---|---|
|
Minimum deposit amount |
UGX 2,000,000/= |
|
Interest rate |
9-11 % p.a |
|
Minimum period |
6 months |
|
Maximum period |
24 months |
|
Interest computation |
Monthly and compounded |
|
Withdraws |
On maturity date |
|
Withdraws before maturity |
Forfeiture of interest income |
|
Interest earned |
Monthly but earned semi-annually, quarterly |