Fixed Deposits

product term

DTB Fixed Deposits are placements for a fixed contracted period currently ranging from one month to one year to DTB account holders. They earn interest at attractive rates thus providing customers with long-term savings growth opportunities. The bank also offers call deposits that can be opened for a minimum of period of seven days and can be liquidated as and when required.

  • Attractive interest rates pegged to prevailing market rates funds available on demand (call deposits)
  • Funds on fixed deposit can be used as security against advances
  • Duration - month / quarter / year
  • Opening account balance - UGX 5,000,000 (the equivalent in other currencies)
  • Minimum balance - equivalent in other currencies
Percentage of interest payable upon premature closure of Fixed Deposit Interest receivable % chargeable on accrued interest
Interest - payable interest is 22%, calculated on a declining balance basis, and at a variable rate. Total interest paid: 117926114  
Interest to be earned for period 0 to 30 days nil UGX 100
Interest to be earned for period 31 to 90 days nil UGX 92
Interest to be earned for period 91 to 180 days nil UGX 90
Interest to be earned for above 180 days negotiable negotiable
product_id
4

Recurring Deposit Account

product term

If you are looking for a recurring deposit scheme which offers high-interest rates on low-risk investments, DTB bank is your destination.

The Recurring Deposit account encourages one to save regularly (a fixed sum of money on a monthly basis). The amount is to be paid on the same date every month.

The maturity value of the customer savings can be placed in Fixed Deposit after maturity and the customer can start saving once again in (New RD).

This is mainly to help the customer take care of school fees, higher education, and planned outflow at a future date, etc.

  • Interest to be earned (FDR rate as applicable):
    • UGX: 12% (as per prevailing rate)
    • USD: 2% (as per prevailing rate)
  • Interest rate is based on tenure and currency (UGX and USD)
  • Duration:
    • Minimum one year (any period in multiple of three months after one year, such as fifteen months, eighteen months etc)
    • Maximum three years
  • Minimum balance for take-down account as per account class
  • Minimum balance for recurring deposit UGX:
    • UGX 50,000 per month then after multiples of UGX 10,000/=
    • USD $50 per month
product_id
5