What is a Bank?
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
Best Bank For Students in Uganda
Which bank account is best for students in Uganda?
A low-cost savings account targeting students and young adults not yet in employment in the age bracket of 18 to 25 years.
No monthly management fees for UGX. Over-the-counter withdrawal charges as per the Tariff guide.
Which bank has the best rates in Uganda?
Dfcu Bank pays seven percent per annum on maximum savings. Commercial Bank of Africa Uganda (CBAU) will also pay you seven percent per annum.
Barclays Bank seems to have the best deal; it pays up to nine percent per annum if you open a savings account with them.
How to open a student account in Centenary Bank Uganda?
Minimum account opening cash deposit of UShs.5,000.
Two (2) most recent passport-size photos of the applicant.
Valid National Identification Card.
Introductory letter from School Head/ Dean / Hall Warden / Students Guild.