Who can open a GoldPlus Account?
If you earn a regular income and can commit to deposit at least   Ugx 50,000/= or US$ 
100 per month, towards a goal that requires a lump sum    payment, then the GoldPlus 
Account is ideal for you.

For how long can I Save?
You can save for 6 months, 12months, 18 months or 24 months. Once   you have chosen 
a savings period, you may not change it. At the end of the   period, you have the option of 
extending the contract or transferring the funds   to your regular account and using the 
savings for the purpose of the desired   dream.

How do I make deposits into my GoldPlus Account?
Deposits can be made by standing order (free for BOA customers), cheque or cash. 
For the US Dollar account, deposits can be made in Uganda   Shillings but will be 
exchanged at the Bank’s prevailing rates.

Can I change my monthly deposit?
You may only pay the agreed monthly deposit into your account. In   case of excess 
funds, you have an option to open another account with us, since   additional deposits 
and (or) deposits in excess of the agreed monthly payment   are not permissible.

What if I am not able to make my monthly deposit?
You may defer one month's deposit, but the account will be   considered abandoned 
if you miss any two installments during the term period.

What if I need my funds urgently?
Under normal circumstances, no cash withdrawals are permitted from   your 
GoldPlus account during its term.  However you may access a short term loan   or 
overdraft of up to 80% of the total amount in your GoldPlus account to cover for 
your short term financial needs.

How do I get my accumulated Savings at maturity?
The principal amount and interest earned during the term will be   paid into any 
of your BANK OF AFRICA accounts. The pay out date is calculated   from the date 
of your first deposit.

Are there any charges?
There are no Bank charges on the GoldPlus Account.

Note:  As a government requirement, you will pay   withholding tax on interest 
earned. You will be charged a fee of Ugx 30,000/= if you close your   account 
prior to expiry of the agreed term.