The GTTarget Account is a unique long term savings account available to all GTBank customers. This product enables you to schedule and plan for certain financial goals you would want to accomplish within a defined period.
What does the GTTarget Account Offer?
- Interest rate is fixed for duration of contract
- Fixed monthly contributions with one premium holiday per annum
- Opening and minimum balance of UGX 50,000
- No service charge
- No withdrawals within the contract
- If contract is ended before contract term, no interest is paid and a charge of UGX 20,000
- Minimum Interest earning balance: UGX 250,000 ; USD 200
- Tenors to be revised as below
Benefits of the GTTarget Account
- Helps promote a saving culture / discipline
- Eases budgetary planning
- Higher savings – Higher returns- Better investments