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Classic Savings Account

Classic Savings

A simple, dependable savings account designed for everyday banking and long-term financial security.

What is a Classic Savings Account?

The Classic Savings account is perfect for individuals who want a secure place to save while earning steady interest. It provides financial stability, flexibility, and access to essential banking services.

Account Purpose

Encourage consistent saving habits and provide safe, reliable returns.

Ideal For

Students, families, and individuals starting their savings journey.

Key Differentiator

Low opening balance requirement and easy account accessibility.

Classic Banking Experience

Eligibility Requirements

Qualifications to open and maintain a Classic Savings account

1

Minimum Opening Balance

UGX 50,000 initial deposit required to activate the account

2

Minimum Monthly Balance

Maintain at least UGX 20,000 average monthly balance

3

Age Requirement

Primary account holder must be 18 years or older

4

Residency Status

Must be a resident of Uganda with valid proof of address

5

Identification Documents

Valid national ID, passport, or driving license for verification

Minimum Balance Comparison

Classic Savings
UGX 50,000
Premium Savings
UGX 1,000,000

Interest Rate Advantage

Classic
3.5%
Premium
6.5%

Classic Savings offers steady growth with flexible access to funds