Centenary Bank Uganda, Savings Account, Interest and Requirements


Centenary Bank allows customers to operate savings account and earn interest of up to 8 %.Account opening requirements and terms are as indicated below.

Savings Accounts

Are you at University and want to be financially independent ? Well,  we have the solution for you ! Our  CenteVolution account will  help you  kickstart your journey to finacial freedom .

Product features:

Ÿ Opening deposit amount of UShs. 5,000
Ÿ Minimum balance at Ushs.5,000
Ÿ Denominated in Uganda shillings (UShs.)
Ÿ Account attracts interest
Ÿ No monthly maintenance fees
Ÿ Account accessible at any branch
Ÿ Issue of account statement
Ÿ Transaction alerts
Ÿ Permits deposit by way of cash, wire, cheque and any acceptable means of deposit
Ÿ Access to student loans (Terms and conditions apply)
Ÿ Access to ATM service and a free trendy ATM Card
Ÿ Access to CenteMobile financial and lifestyle services
Ÿ Access to Point of Sale (POS) service
Ÿ Access to ATMs of other Financial Institutions under InterSwitch
Ÿ Access to NFC (near field communications) transaction facilities

Basic Requirements: 

Ÿ  Minimum account opening cash deposit of UShs. 5,000

Ÿ  Two (2) most recent passport size photos of the applicant

Ÿ  Valid identification document – Student ID Card, Passport, Driving License or voter’s card

Ÿ   Introductory letter from School Head/ Dean/Hall Warden/Students Guild


Ÿ  No Account maintenance fees

Ÿ  Attractive interest

Ÿ  Instant transaction alerts

Ÿ  Cash withdraw and deposit to account  through  Mobile money agents, using CenteMobile

Ÿ  Free Bank drafts for school fees payment

Ÿ  Free account statement issued once a quarter