Reward Savings Account

If you have a high propensity to save, then the Reward Savings account is ideal for you.

Earn great interest on your money

Competitive rates – With a minimum balance requirement of Ugx 5 million, the account offers a lucrative interest rate higher than what traditional savings accounts offer.

Bonus Interest - Double interest in the last quarter of the account's anniversary.

Maximize your benefit

There are no fees to open the account and no monthly account management charges; allowing you to maximize the return on your Savings.

Flexible deposits

There is no commitment to a fixed savings plan or monthly deposit to the account. The account offers free standing orders on any of your other BOA account to your Reward Savings account.

Instant Access

The account comes with a free ATM card which enables you to access your money anytime at any of our ATM locations.

Multiple Access Channels

The account offers free Internet Banking, giving you the flexibility to access your account anytime anywhere and get information on your balances or track your transactions.

* Terms and conditions apply

Make or Receive payments

You can make payments through standing order arrangements or Electronic transfers. The account allows ease of receiving payments for example salaries, electronic transfers or direct check deposits to the account.

Quick and easy funds transfer

Quick funds transfer (both local and International) to a third party account with another Bank is available at all our Branches.

Use your funds to secure loans

Funds in your Reward Savings Account may be used to secure loans and overdrafts with the Bank at very competitive interest rates.