The Business Club provides your business with more flexibility to integrate local and foreign surplus liquidity with your local borrowings. Your surplus liquidity whether in Uganda Shillings or US Dollars can be invested in a special fixed deposit to generate additional income at high interest rates.
When cash deficit arises for financing your daily business operations, you can automatically access up to 90% of your fixed deposit, without credit application or prior arrangement and without forfeiting the interest already earned on your fixed deposit.
BENEFITS OF THE BUSINESS CLUB
- High interest rates on fixed deposits connected to this product
- The higher the amounts and longer the periods, the higher the interest earned on the fixed deposits
- All transactions on the relevant current account free of charge
- Unlimited cheque books free of charge
- ATM cards and related transactions free of charge
- Preferential forex rates for foreign trade
- No commitment and/or legal fees on the overdraft
- Preferential commissions on Letters of Credit and Guarantees
- Rent free private safe custody subject to availability
MEMBERSHIP TO THE CLUB
A minimum of UGX 50 million or equivalent in US Dollars invested in a special fixed deposit with us for a period of six months and above shall be your qualification to subscribe for Tropical Business Club.
COST OF THE OVERDRAFT FACILITY IN UGANDA SHILLINGS
- Your overdraft facility up to 50 of your fixed deposit will attract interest of 5% over and above the interest rate earned on your fixed deposit, applicable on the utilized balances only
- Your overdraft facility of 50% up to 90% of your fixed deposit will attract interest of 6% over and above the minimum rate earned on your fixed deposit, applicable on the unutilized balances only
- No other charges whatsoever
Join the club now and experience the most simple and professional banking product for the most viable cashflow integration.