Uganda Interest Rates

The Ugandan economy with a population of 32.37 Million (Est 2009 Wiki) ranks 93rd in the world with a GDP PPP of 42.28 billion and GDP PPP per capita of 1,305 vs 1,305 (United States) according to the IMF in 2011. Its currency is the Ugandan shilling (UGX). Bank deposits held for a fixed term with a set interest rate in Uganda are called fixed deposits or sometimes short-term deposit accounts. According to CIA.gov published country data indicates its inflation was estimated to be 13.7% in 2011 and 4% in 2010.

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Uganda Banks

Showing rates for 6 Bank deposit providers in Uganda.
Bank Branch Founded Ownership
Centenary Bank Centenary Bank 62 1983 Local
Barclays Uganda Barclays Uganda 42 1927 Foreign
Bank of Africa Uganda Bank Of Africa Uganda 34 1984 Foreign
Standard Chartered Bank Uganda Standard Chartered Bank Uganda 11 1912 Foreign
Bank of Baroda Uganda Bank Of Baroda Uganda 10 1953 Foreign
ABC Capital Bank Uganda ABC Capital Bank Uganda 2 1993 Local

Uganda Discussion Activity

  • Centenary Bank
    Q: i want to start internet banking from china to my uganda centenary account, how do i go about it?

    NICKY from Jinan, China
  • Deposits
    Q: We intend to open up a fix deposit acc as a group. I c ur interest rates is13.00% if the money is to b fixed for 1year. This confuses me a little, is the 13% a monthly benefit for the duration of 1year? or that 13% is the benefit for the whole year's savings? I mean without considering the month?

    Simon from Kampala, Uganda
  • Centenary Bank
    Q: What are the requirements of opening up a fixed deposit account with Centenary bank of Uganda? If possible please be more elaborative about this inquiry.

    Boniface from Uganda