Deposit Products

Savings

Trust Fixed Desposit Account

Save your money for a fixed period and experience a growing and secure investment.

Benefits

  • A secure and high yield investment
  • Attractive interest rates that increase with the size of your deposit
  • Affordable deposit amounts
  • No account opening charges
  • You choose the period of your fixed deposit

Requirements

  • Valid identification
  • Letter of introduction from LC1/employer/lawyer
  • One passport photograph
  • Minimum deposit Ushs 100,000

Terms

  • Lump sum deposit for the fixed term
  • A minimum period of three months

 

 

Trust Savers Account

Finance Trust  Savers account The Trust Savers Account offers secure, affordable and flexible
services conveniently through a fully computerized branch network spread nationwide.
This product is for Individual/Joint/Group/Association and Business Savings needs.

Benefits

  •     A secure place to save your money
  •     Affordable and flexible terms
  •     Conveniently accessible through a fully computerized branch network spread nationwide
  •     Interest paid twice a year

Requirements

  •     2 passport photographs
  •     Valid identification
  •     Letter of introduction from LC1/employer/lawyer
  •     Group by-laws (for Group Savings accounts)
  •     Trading license (for Business Savings accounts)
  •     Partnership deed (for Partnership accounts)
  •     Memorandum and Articles of Association (for companies)

 

No Fee Deposit Account

Finance Trust No Fee Deposit Account

An affordable high interest deposit account designed to offer you
convenient frequent deposits.

Benefits:

  • No fees
  • High interest earnings
  • You can deposit any amount any number of times daily
  • Enables you to grow your savings daily
  • Conveniently accessible
  • A secure account that is conveniently close to you

Opening Requirements

  • 2 passport photographs
  • Valid Identification
  • Letter of Introduction from LC1/employer/Lawyer/reputable
    authority or Finance Trust customer
  • Minimum deposit of Ushs.6000

Note: You may withdraw 3 times in a month.

Girl’s Choice Savings Account

For girls in and out of school ages 10 - 19 years old.

Benefits

  • Safe and secure place to keep money
  • Affordable and flexible terms
  • No fees
  • Realize your dreams by building useful lump sums over time
  • Learn to manage money, budget and save through financial education
  • Conveniently accessible through branch network

Requirements (Girls)

  • Recommendation letter from LC1, school head, church leader
  • 3 pass port photos
  • Photocopy of ID, voters card, driving permit, passport, employee ID.
  • Mentor required

Trust Junior Savers Account

Finance Trust Junior Savers account

An affordable and secure savings account that enables parents/guardians to
save for their children’s needs and teach them the benefits of early savings.

Benefits

  • Provides security for children’s financial needs
  • Earns attractive interest rates
  • Affordable account opening and minimum balance
  • No ledger fees or transaction charges
  • Flexible – when the child turns 18, the account is converted to Trust Savers
    Account.
  • Conveniently accessible at any Finance trust branch via wide area network
    connectivity.

Opening Requirements

  • Initial deposit amount
  • 2 passport photographs of the parent/guardian and the child
  • Valid Identification of parent/guardian
  • Letter of introduction from LC1/employer/Lawyer/customer of the bank
    Note:
  • You may withdraw once every three months.
  • Minimum interest earning balance is UShs 100,000

Current account

Account targets individuals , Businesses, Institutions, who want cheque transactions where deposit funds can be drawn on demand as long as the account balance is sufficient to allow for the transaction.

 

Requirements

 

Personal

  • Valid Identification e.g. Driving license, Passport, Company ID, Stamped residence ID, Voters card
  • Utility bill: Telephone, water or electricity bill, Tenancy Agreement,

Introduction letter from employer

 

Business:

  • Valid identification of account signatories
  • Certified copy of registration/ partnership deed
  • Certified copy of statement of particulars for partnership
  • Copy of trading license
  • Physical presence of people opening the account
  • TIN number
  • Registered resolution by partners to open bank account.
  • Evidence of business premises.

 

Requirements for, NGOs, Societies, associations, groups and Cooperatives

 

  • Valid identification documents of account signatories
  • Certified copy of Union or bye- law
  • Certified copy of certificate of registration
  • Resolution to open account
  • Account should have a minimum of 3 signatories

 

Requirements for Gov’t institutions

 

  • Authority letter in writing from the Accountant General of the concerned ministry

 

Requirements for companies

 

  • Valid identification documents of account signatories
  • Registered resolution to open an account
  • Certified copy of certificate of incorporation
  • Certified copy of memorandum and articles of association
  • Company form 7 certified by the registrar of companies
  • Copy of the company trading license
  • Company tax identification number

Evidence of business premises

Teen Classic

For Youth girls and boys in urban, peri- urban and rural areas with limited access formal financial services. These are segmented as follows:

  • 12-14 year olds in and out of School; 
  • 15-17 year old in  and out of School;

Benefits

  • Safe and secure place to keep money
  • Affordable and flexible terms
  • Realize your dreams by building useful lump sums over time
  • Learn to manage money, budget and save through financial education
  • Conveniently accessible through branch network

 

Requirements

  • Recommendation letter from LC1, school head, church leader
  • 3 pass port photos
  • Photocopy of ID, voters card, driving permit, passport, employee ID.

Mentor required

Youth Progress

For Youth girls and boys in urban, peri urban and rural areas who have limited access to formal financial services. These are segmented as follows:

  • 18-24 year olds in and out of School; working and not working.

 

Benefits

  • Safe and secure place to keep money
  • Affordable and flexible terms
  • Realize your dreams by building useful lump sums over time
  • Learn to manage money, budget and save through financial education
  • Conveniently accessible through branch network

Requirements

  • Recommendation letter from LC1, school head, church leader
  • 3 pass port photos
  • Photocopy of ID, voters card, driving permit, passport, employee ID.

This savings product is specifically tailored to women who are 18 years of age and above, wish to have a safe place to save, are financially active and want a high return on their savings and want to access the benefits of medical insurance and non- financial services such as basic business training.

 

Benefits

•Financially empower women to realize their potential  

•A safe place for women to keep their money.

 

Requirements

•Signatories to identify themselves by any of the following:

•Voters card

• An LC1 identity card

• Identity card from a recognized institution.

•Valid Driving Permit

• Valid Passport

The group must have a Constitution or By- Laws