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 a 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
  • Withdrawal fees
    • Over the counter (teller) - zero
    • ATM - zero
    • free withdrawals (fee applies after these)
  • Account statements
    • Statements free of charge (fee applies after these) per month 1 - zero
  • Balance enquiry - zero
  • Administrative fees per month - zero
  • Subject to with or without tax 15% on Interest earned - null
  • Percentage of interest payable upon premature closure of Fixed Deposit:
      Interest receivable % chargeable on the accrued interest
    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
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