Types of savings accounts. Before you can continue to open an account you want to open with UBA, it’s very important to plan the type of an account … © 2021 United Bank for Africa. UBA Bumper Account An account that rewards you with exciting prizes for saving a minimum of N5,000. –  Withdraw below 5m cost UGX: 2,000/= above 5m is (2.5% minimum of UGX: 30,000/=). • Lodgment of dividend warrants and cheques, • Passport photograph(for business, one for each of the We have a wide range of accounts types to fit everyone, regardless of pay grade or lifestyle. Forfeit interest for, Cash deposit limits on minimum balance and minimum deposit of UGX 25,000/=. “U-Gold Savings Account allows third party withdrawal through non-clearing cheques while other types of savings account … Welcome Trusted by millions of customers, we never stop looking for new ways to make banking simpler, smarter and better Enjoy great benefits with unrestricted and secure access to your account, anytime, … o No ledger/ maintenance charges levied on this account. Enjoy the flexibility of banking on the go, with our electronic channels (internet banking, mobile banking and ATM) and get a 30% concession on transaction fee. • Monthly card management fees of UGX 2,500/=, • E-channels Access: Online Banking/ USSD/ Chat Banking etc. Benefits of A general savings account o Attractive interest rates of up to 4% o Access to all other UBA services and Products o Safety and security on your saving. Compare Chase savings accounts and select the one that best suits your needs. That is why we have a wide range of accounts to fit everyone, regardless of situation or lifestyle. A savings account is a great place to keep cash that you don’t plan to spend immediately because it keeps your money safe and accessible while paying you a little bit of interest. Account with a back end code that allows transitioning to a. A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. You’ll be able to stash away your savings … Flexible opening balance • Third party transactions allowed • Unlimited number of withdrawals • Withdrawal either by cheque or withdrawal … Many financial institutions allow bills to be paid automatically out of a savings account without being subjected to the withdrawal and … Each variation—and every bank or credit union that offers these accounts… • Tiered Interest from 3% up to 5.5% per annum.  Attractive interest rates on your deposits p.a SMS & email alerts Access to UBA online banking Access to mobile banking Free E-statement & Email alert No ledger / maintenance charges levied on this account. Regular attractive interest paid on the account Access to other bank products / services at concessionary rates. .goog-text-highlight {background-color:transparent !important;box-shadow:none !important;} The Savings Account can be opened under the name of one or more persons (joint account). o Individuals in both the private and public sectoro Business men and womeno Clubs and associationso Sales enterprise and Partnership companiesBenefits of A general savings accounto Attractive interest rates of up to 4%o Access to all other UBA services and Productso Safety and security on your saving.Product Pricingo Opening balance of KES 5000o Operating balance of KES 5000o No other charges on the account. #google_translate_element2 {display:none!important;}, No matter what your needs are, we are here for you. • Convenience: Easy access to client’s funds in convenient and accessible channels. There is a UBA Savings account suitable for everyone. Full KYC documentation for the parents/guardians that include national ID, proof of income, residence and 1 passport size Photo. Benefits. UBA Kenya is licensed and regulated by the Central Bank of Kenya. .goog-te-banner-frame {display:none !important;} Attach photocopies of information pages in passport, proof income, utility bill/ tenancy agreement; Send completed form to bank’s agent or mail the package to UBA … Benefit from an account that enables parents/guardians to set aside some money for their future use. So whether you want a basic account or one bursting with options, you will find the right account that meets your expectations. • Utility Bill (not more than 3 months old). • Culture cultivation: Individuals will entrench within themselves a savings culture due to the engaging features of the account like interest with consistent adherence to the limits set. Certificate of Deposit Account. All Rights Reserved. UBA Account Opening Guidelines For Nigerian In 2021. Product Pricing o Opening balance of KES 5000 o Operating balance of KES 5000 o No other charges on the account Immediate access Savings account deposits are fully liquid, meaning that you can withdraw your money at any time, without advance notice. body {top:0 !important;} Everyone is different so one size never fits all. Select LanguageChinese (Simplified)EnglishFrenchPortugueseSpanishSwahili The UBA Online Account is a unique account designed for people who desire to carry out their banking activities purely online, without visiting a bank branch. Updates, announcements, releases and more. For teenagers of 13 to 17yrs of age and is operated by an adult on the teen’s behalf and will automatically convert to a savings account when the teen turns 18. Good for: People who want to earn competitive rates and won’t need … UBA Diaspora Account Are you a Nigerian Living abroad? Savings accounts can provide automated bill payments. **I agree that UBA Group and its affiliates may use my contact details to send me communications, Head Office: UBA Kenya 1st floor Apollo Centre, Westlands. Your UBA Debit Cards give you full-time electronic access to your current or savings accounts available on the UBA platform. United Bank for Africa (UBA) has three classes of domiciliary account: Freedom Dom Account, Dom Advantage Account, and U-Care Plus Domiciliary Account. All Rights Reserved. Current Accounts… Types of UBA NextGen Account Basically, there are two type of UBA NextGen Bank Accounts which include; NextGen and the other NextGen LITE. • Rewarding: Customers will enjoy tiered interest rates on their savings which increase as the deposits grow. UBA NextGen Account 2020 Being a … The UBA Employee account is a savings account designed for an efficient salary/pay roll administration for organisations. Fill an on-line form or collect an account opening form from designated agents. –  Access of funds in an easy, convenient and trendy way, –  Customers are assured of safety of their funds, • Employee ID (low KYC account opened in the absence of international passport/driver’s license/National ID/voter card), • Utility bill (not necessary if applicant’s company has a UBA account), –  Minimum operating balance UGX: 20,000/=. Your questions and comments are important to us. –  Monthly management fees UGX: 20,000/=. Health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) are designed to pay for or reimburse you for medical expenses that your health … Safety: Customers are assured of safety of their funds when saved in the bank. The Joint Account can be opened only by genuine presentation. To register or open a savings account … Enjoy the flexibility of banking on the go, with … business enterprise), • Two references from current account holder, –  Minimum operating balance is UGX: 5,000/=. If you’re in Nigeria, the following steps are useful for you to take if you want to open an account with UBA. ​. Deposit, Withdraw and Funds Transfer capabilities. Each one starts with … Most banks have these three: Regular savings account: earns interest … Account opened by parents/guardians for minors below 13 years of age. Get a savings account in seconds. • Safety: Customers are assured of safety of their funds when saved in the bank. Customers can pool savings for their minors in smaller manageable proportions to create a big value for future investment. The UBA gold account provides you with an opportunity to have access to your funds on demand while at the same time earning attractive interest income on the amounts deposited. Customers can access their accounts online, USSD and on Chat Banking and transact. We have unique savings accounts for the students with a distinctive sense of identity. The rights for this type of account are specified by the holders themselves in the application form which is to be signed at the moment of opening of account. UBA Savings Account Registration: United Bank for Africa (UBA) is one of the most reputable banks in Nigeria having a customer friendly interface as well as its advanced and modernized technological approach to making banking in Nigeria easy and fun. –  3 withdraws per month, above which one months interest is forfeited. The UBA Online Account is a unique account designed for people who desire to carry out their banking activities purely online, without visiting a bank branch. At UBA Kenya we offer you the ability to have a general savings account where you can track all your savings with us. • Passport photograph(for business, one for each of the owners), • Certificate of Incorporation/Registration/CBN License (for business enterprise), (National ID for nationals and Passport for Fereigners), Account accrues interest i.e. To encourage savings discipline, you can withdraw only once a month. Customers can save for their children in an easy, safe and convenient way. HSAs are a savings account option that allows individuals that are covered by a high deductible health plan (and that are not covered by any type of insurance other than a high deductible health plan), to set … This is designed for employees in the private and public sectors of the economy. CDs are a no-market-risk, all-returns approach to saving, with fixed rates and a bit more security than your average sock drawer (thanks, FDIC insurance). Our Transactional Banking solutions to our customers by offering them a seamless end-to-end banking experience. –  Free online Business workshops to help your side hustle. There are several different types of savings accounts to choose from, as well as alternative accounts that fill a similar role. Learn about the benefits of a Chase savings account online. 4% per annum. ... Interest payment on Savings Account; Personal Finance Management; ... (not necessary if employee company has a UBA account) open account. We will be looking at the benefits, … The Justice Federal Credit Union offers three types of children’s savings accounts: Young Savers account available for kids 18 years or younger; only $5 to open an account with no monthly service fees or minimum balance requirement; Grow with Me account, a unique high-yield savings account … This is account is for Salary earners, professionals, students, entrepreneurs and all other individuals. • Flexibility: Customers can access their accounts online, USSD and on Chat Banking and through our ATMs and Interswitch and Visa platforms. © 2021 United Bank for Africa. Different types of savings goals take different types of savings accounts. The UBA Debit Cards allow you withdraw cash, pay bills, make purchases and so much more. Olumide Osunyomi, Head, Retail Products, UBA Plc, said the U-Gold Savings Account is a new product that replaces UBA Gold and UBA Gold Plus Savings Accounts. While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit. Earns interest Besides safety and liquidity, savings accounts … Our corporate banking accounts are developed to address the needs of large corporates and  multinationals. Full KYC documentation for the minor that include birth certificate or Child Immunization card or School Report Card and 1 passport size photo. Get either your current banker abroad or a UBA Account Holder to give a reference. The management team of the bank is made up of a crop of seasoned and industry-recognized professionals. #goog-gt-tt {display:none !important;} UBA’s Special Report: How Health Savings Accounts Measure Up, gives detailed statistics showing how HRAs and HSAs performed by industry, region, and employers size, with easy-to-reference graphics … Step one: type of account. • Regular active interest paid on the account• Access to the other bank products and services on concessionary terms. UBA Uganda is supervised by the Bank of Uganda and. Other types of investment accounts. : Customers are assured of safety of their funds when saved in the bank, • Minimum Account balance of UGX 50,000/=. These funds engaged in these transactions listed above are instantly debited and transferred from the bank account … That is why we have a wide range of accounts … **I agree that UBA Group and its affiliates may use my contact details to send me communications. .goog-te-menu-value:hover {text-decoration:none !important;} Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account … owners), • Utility bill (not exceeding 3 months old), • Certificate of Incorporation/Registration/CBN License (for If your savings account is offered by a credit union, it is similarly protected for up to $250,000 by the NCUA. Learn about our origins, foundations and beginnings. Unlimited number of Deposits per month and no cash deposit limit. 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