Investment and savings calculators for Uganda

What UGX 1,000,000 could earn over a year

Options that suit this time frame. Sorted by the after-tax result; options whose tax we're still confirming come last, before tax.

1. 1.

   Treasury bill, 1 year

   Rate used: 14.50% from the 364-day auction, 21 Oct 2026 (BoU auction results)

   UGX 122,362

   interest, after tax

   UGX 1,122,362 in total

   Minimum to start

   UGX 100,000

   Getting your money out

   At maturity. Can be sold earlier through a bank.

   Main risk

   Low: a loan to the government. The rate is fixed until maturity.

   RatesHow to buy treasury billsTalk to a dealer bank

2. 2.

   NSSF Smartlife Flexi

   Rate used: 13.25% average a year since November 2024, 1 Jan 2026 (NSSF fact sheet)

   UGX 140,850

   interest, before tax

   UGX 1,140,850 in total

   We're confirming how this is taxed.

   Minimum to start

   UGX 5,000 a deposit

   Getting your money out

   Locked for the first year, then any time (NSSF terms).

   Main risk

   Low. Returns are not guaranteed and vary month to month.

   Rates

3. 3.

   Money market fund

   Rate used: 12.55% Old Mutual Umbrella Trust Fund, Old Mutual only, 20 Oct 2026 (Old Mutual Uganda fund prices)

   UGX 132,977

   interest, before tax

   UGX 1,132,977 in total

   We're confirming how this is taxed.

   Minimum to start

   Set by each fund

   Getting your money out

   Usually within a few working days. Check the fund's terms.

   Main risk

   Low, but not guaranteed. The yield moves with interest rates.

   RatesWhat is a money market fund?Talk to a fund manager

4. 4.

   Bank fixed deposit

   Rate used: 12.38% typical top rate (median of banks' maximums), 1 Apr 2026 (BoU bank rate sheet)

   UGX 131,016

   interest, before tax

   UGX 1,131,016 in total

   We're confirming how this is taxed.

   Minimum to start

   Varies by bank

   Getting your money out

   Locked until the end of the term. Leaving early usually costs interest.

   Main risk

   Low. Protected up to the Deposit Protection Fund limit per bank.

   RatesUnit trusts or fixed deposits?Talk to a bank

Rates change. This assumes today's rates stay the same, which they won't.