Cente Junior Account
Product Features
- Opening deposit of UShs20, 000
- Minimum balance of UShs20, 000
- No ledger fees, maintenance fees or monthly charges
- Withdrawal done over the counter by the parent or guardian
- No ATM card issued
- SMS alerts for transactions
Benefits
- Attractive tiered interest rates of up to 4% per annum
- One free withdrawal once every quarter.
- No ledger fees, maintenance fees, or any other monthly charges
- Free account statements
- Free and automatic enrolment on CenteMobile services
- Free and unlimited number of internal standing orders for credit of account
- Free school fees bank drafts
- Parent/Guardian can access the Centenary Bank
- Cente Education Loan of up to 150% of the credit balance on account
- Life assurance policy cover for up to 30 million the parent or guardian, for accounts with a minimum credit balance of UGX 200,000 covering permanent disablement caused by accident, death plus funeral expenses. Upon the death of the named beneficiary, the sponsor shall be paid UGX 500,000 if the account balance at the time of the event is UGX 200,000 and above.
- In case of permanent total disability of the named beneficiary, the sponsor shall be paid UGX 500,000, if the account balance at the time of the event is UGX 200,000 and above.
- A hospital cash benefit to the account holder/sponsor of UGX 20,000 is payable per night of hospitalization, as a result of an accident. The benefit shall be paid only if the victim has been hospitalized for more than 3 nights and but not exceeding 10 nights.
Requirements
- Initial cash deposit of UShs20, 000
- Two (2) recent passport size photos for the child
- Two (2) recent passport size photos for the parent/guardian.
- Valid identification documents for the parent/guardian of the child including the following:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- Refugee Identity Card for Refugees.
- Referral by a Centenary Bank customer or any reputable person in society
- Either a birth certificate, immunization card or baptism card for the child.