Cente Plus Account
Product Features
- Opening deposit of UShs 50,000.
- Minimum balance is UShs 50,000.
- Standing order charge of UShs. 3,000.
- No regular account maintenance fees.
- Customer free to fully withdraw on reaching the agreed amount on account.
- Option for a withdrawal half of the amount on account once during the savings contract period.
- No ATM card issued.
- Monthly commitment for standing orders or cash deposits into the account can be arranged.
- Instant transaction alerts for transactions.
Benefits
- Competitive interest rate of 5% p.a.
- Helps the customer to finance productive assets or investment through savings entirely or alongside some borrowing.
- Customer can get a loan equivalent to 100% of the amount on account to pay for the desired asset/ investment.
- Interest paid on monthly basis.
- Account can be pledged as collateral for loans.
- Account balance can be topped up through making cumulative deposits regularly.
- Access to a variety of bank 1products like CenteMobile and PC banking.
- Permits deposit by way of cash, wire, cheques, and any acceptable means of deposit.
- One free account statement is issued monthly on request.
Requirements
- Two (2) passport-size photos.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs 50,000.