Where Ugandan money earns today.
Savings and investment rates in Uganda today
Treasury bills, bonds, unit trusts, fixed deposits and NSSF Smartlife, side by side. Every rate is dated and linked to where it came from.
A rate above inflation grows what your money can buy. Below it, your money buys less each year.
Rates by product
| Product | Headline rate | On your amount | Minimum to start | Getting your money out | Updated | More |
|---|---|---|---|---|---|---|
| Treasury bills | up to 14.50%364-day bill, before tax | about UGX 115,992 after tax | UGX 100,000 | At maturity, 91 to 364 days. Can be sold earlier through a bank. | Updated 21 Oct 2026 | Details on treasury bills |
| Treasury bonds | up to 18.48%25-year bond, before tax | about UGX 166,275 after tax | UGX 100,000 | Interest twice a year. The rest at maturity, or sell early on the market. | Updated 28 Oct 2026 | Details on treasury bonds |
| Unit trusts and money market funds | up to 12.55%Old Mutual only, before tax | about UGX 125,500 before tax | Set by each fund | Usually within a few working days. Check the fund's terms. | Last published 20 Oct 2026Last published 20 Oct 2026. We'll update this when the fund manager publishes again. | Details on unit trusts and money market funds |
| Fixed deposits | up to 15.00%Typical top rate 12.38%, before tax | about UGX 123,750 before taxat the typical top rate | From UGX 100,000, varies by bank | At the end of the term. Leaving early usually costs some interest. | Last published 1 Apr 2026Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again. | Details on fixed deposits |
| Savings accounts | up to 10.00%Typical top rate 4.00%, before tax | about UGX 40,000 before taxat the typical top rate | Varies by bank | Any time. Charges can cancel out interest on small balances. | Last published 1 Apr 2026Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again. | Details on savings accounts |
| NSSF Smartlife Flexi | about 13.25%average a year since November 2024, before tax | about UGX 132,500 before tax | UGX 5,000 a deposit | Locked for the first year, then any time. | Last published 1 Jan 2026Last published 1 Jan 2026. We'll update this when NSSF publishes again. | Details on nssf smartlife flexi |
Treasury bills
up to 14.50%364-day bill, before tax- On your amount
- about UGX 115,992 after tax
- Minimum to start
- UGX 100,000
- Getting your money out
- At maturity, 91 to 364 days. Can be sold earlier through a bank.
- How current
- Updated 21 Oct 2026
Treasury bonds
up to 18.48%25-year bond, before tax- On your amount
- about UGX 166,275 after tax
- Minimum to start
- UGX 100,000
- Getting your money out
- Interest twice a year. The rest at maturity, or sell early on the market.
- How current
- Updated 28 Oct 2026
Unit trusts and money market funds
up to 12.55%Old Mutual only, before tax- On your amount
- about UGX 125,500 before tax
- Minimum to start
- Set by each fund
- Getting your money out
- Usually within a few working days. Check the fund's terms.
- How current
- Last published 20 Oct 2026Last published 20 Oct 2026. We'll update this when the fund manager publishes again.
Fixed deposits
up to 15.00%Typical top rate 12.38%, before tax- On your amount
- about UGX 123,750 before taxat the typical top rate
- Minimum to start
- From UGX 100,000, varies by bank
- Getting your money out
- At the end of the term. Leaving early usually costs some interest.
- How current
- Last published 1 Apr 2026Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again.
Savings accounts
up to 10.00%Typical top rate 4.00%, before tax- On your amount
- about UGX 40,000 before taxat the typical top rate
- Minimum to start
- Varies by bank
- Getting your money out
- Any time. Charges can cancel out interest on small balances.
- How current
- Last published 1 Apr 2026Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again.
NSSF Smartlife Flexi
about 13.25%average a year since November 2024, before tax- On your amount
- about UGX 132,500 before tax
- Minimum to start
- UGX 5,000 a deposit
- Getting your money out
- Locked for the first year, then any time.
- How current
- Last published 1 Jan 2026Last published 1 Jan 2026. We'll update this when NSSF publishes again.
Estimates for one year at today's rate, before any fees. Shown after tax only where we have confirmed the tax rate. Insurance has no single rate: see why.
Treasury bill rates in Uganda
Updated 21 Oct 2026. Source: Bank of Uganda auction results.
Treasury bills are short loans to the Government of Uganda for 91, 182 or 364 days. The yield is the money market yield at the cut-off price of the last auction. The minimum is UGX 100,000. Next auction: 4 Nov 2026.
| Bill | Yield, before tax | After tax | On your amount, a year | Auction |
|---|---|---|---|---|
| 91-day T-bill | 11.249% | 8.999% | about UGX 89,992 after tax | 21 Oct 2026 |
| 182-day T-bill | 13.400% | 10.720% | about UGX 107,200 after tax | 21 Oct 2026 |
| 364-day T-bill | 14.499% | 11.599% | about UGX 115,992 after tax | 21 Oct 2026 |
After tax uses withholding tax of 20% withholding tax.
Treasury bond rates in Uganda
Updated 28 Oct 2026. Source: Bank of Uganda auction results.
Bonds are longer loans to the government, from 2 to 25 years. They pay interest (the coupon) twice a year. The yield at the last auction is what new buyers locked in, which can differ from the coupon.
| Years | Coupon | Yield at the last auction | Withholding tax | On your amount, a year | Last auction | Next auction |
|---|---|---|---|---|---|---|
| 2 | 15.250% | 16.000% | 20% withholding tax | about UGX 128,000 after tax | 28 Oct 2026 | 13 Jan 2027 |
| 3 | 12.000% | 14.000% | 20% withholding tax | about UGX 112,000 after tax | 7 Oct 2026 | 25 Nov 2026 |
| 5 | 15.000% | 16.800% | 20% withholding tax | about UGX 134,400 after tax | 28 Oct 2026 | 13 Jan 2027 |
| 10 | 16.000% | 16.850% | 10% withholding tax | about UGX 151,650 after tax | 7 Oct 2026 | 25 Nov 2026 |
| 15 | 15.250% | 17.925% | 10% withholding tax | about UGX 161,325 after tax | 28 Oct 2026 | 13 Jan 2027 |
| 20 | 15.000% | 16.925% | 10% withholding tax | about UGX 152,325 after tax | 7 Oct 2026 | 25 Nov 2026 |
| 25 | 16.000% | 18.475% | 10% withholding tax | about UGX 166,275 after tax | 28 Oct 2026 | 13 Jan 2027 |
Next auction dates come from the Bank of Uganda auction calendar, which says the bonds on offer may change.
Unit trust and money market fund rates in Uganda
Last published 20 Oct 2026. We'll update this when the fund manager publishes again. Source: Old Mutual Uganda fund prices.
Old Mutual only. More managers will be added as we connect their published yields.
A unit trust pools many people's money and a licensed manager invests it. A money market fund is a unit trust that holds short, low-risk loans. Past returns are not guaranteed. They move with interest rates.
| Manager | Fund | Currency | Effective annual yield | On your amount, a year | Minimum to start | Date |
|---|---|---|---|---|---|---|
| Old Mutual Investment Group | Old Mutual Umbrella Trust Fund | UGX | 12.55% | about UGX 125,500 before tax | Ask the manager | 20 Oct 2026 |
| Old Mutual Investment Group | Old Mutual Money Market Fund | UGX | 10.31% | about UGX 103,100 before tax | Ask the manager | 20 Oct 2026 |
| Old Mutual Investment Group | OMIG Dollar Unit Trust Fund | USD | 5.20% | Dollar fund | Ask the manager | 20 Oct 2026 |
Fees aren't published with these yields, so ask the manager. Highest UGX fund we track: Old Mutual Umbrella Trust Fund, 12.55% before tax. Every manager must be on the CMA licensed list.
Fixed deposit rates by bank in Uganda
Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again. Source: Bank of Uganda, interest rates and bank charges for personal accounts.
up to 15.00% before tax, dfcu Banktypical top rate 12.38%
The maximum is usually for large deposits. Most savers are offered something between the minimum and maximum, and larger amounts can often be negotiated.
20 banks, as published by the Bank of Uganda
| Bank | Minimum rate | Maximum rate | Minimum deposit | Date |
|---|---|---|---|---|
| dfcu Bank | 3.30% | 15.00% | UGX 1,000,000 | 1 Apr 2026 |
| Exim Bank | 5.00% | 13.50% | UGX 1,000,000 | 1 Apr 2026 |
| Housing Finance Bank | 4.00% | 13.50% | UGX 1,000,000 | 1 Apr 2026 |
| Bank of India | 4.00% | 12.75% | UGX 1,000,000 | 1 Apr 2026 |
| Ecobank | 4.20% | 12.00% | UGX 5,000,000 | 1 Apr 2026 |
| Equity Bank | 2.00% | 11.60% | UGX 5,000,000 | 1 Apr 2026 |
| Bank of Baroda | 5.00% | 10.50% | UGX 100,000 | 1 Apr 2026 |
| Diamond Trust Bank | 10.00% | Negotiable | UGX 100,000 | 1 Apr 2026 |
| Stanbic Bank | 0.98% | 9.67% | UGX 1,000,000 | 1 Apr 2026 |
| I&M Bank | 5.25% | Negotiable | UGX 5,000,000 | 1 Apr 2026 |
| Centenary Bank | 4.00% | Negotiable | Not published | 1 Apr 2026 |
| Absa Bank | 3.00% | Negotiable | UGX 1,000,000 | 1 Apr 2026 |
| Standard Chartered | 3.00% | Negotiable | UGX 10,000,000 | 1 Apr 2026 |
| Bank of Africa | 2.00% | Negotiable | UGX 2,500,000 | 1 Apr 2026 |
| Cairo Bank | Negotiable | Negotiable | UGX 1,000,000 | 1 Apr 2026 |
| KCB Bank | Negotiable | Negotiable | UGX 10,000,000 | 1 Apr 2026 |
| NCBA Bank | Negotiable | Negotiable | UGX 1,000,000 | 1 Apr 2026 |
| Pearl Bank | Negotiable | Negotiable | UGX 1,000,000 | 1 Apr 2026 |
| Tropical Bank | Negotiable | Negotiable | UGX 1,000,000 | 1 Apr 2026 |
| UBA Uganda | Negotiable | Negotiable | Negotiable | 1 Apr 2026 |
On your amount at the typical top rate: about UGX 123,750 before tax. Tax on bank interest: being confirmed.
Bank deposits are protected up to UGX 10,000,000 per person per bank by the Deposit Protection Fund. SACCOs licensed by the Bank of Uganda under the new large SACCO rules are now covered too.
Savings account rates in Uganda
Last published 1 Apr 2026. We'll update this when the Bank of Uganda publishes again. Source: Bank of Uganda, interest rates and bank charges for personal accounts.
Charges can cancel out the interest on small balances.
| Bank | Savings rate, before tax | Minimum balance | Monthly ledger fee | Date |
|---|---|---|---|---|
| Absa Bank | 0.25% to 10% | Not published | Nil | 1 Apr 2026 |
| Bank of Africa | 0% to 7% | UGX 5,000 to 250,000 | Not published | 1 Apr 2026 |
| Housing Finance Bank | 3% to 7% | UGX 10,000 | Nil | 1 Apr 2026 |
| Pearl Bank | 0.50% to 6.0% | UGX 8,000 | UGX 3,000 | 1 Apr 2026 |
| dfcu Bank | 0.5% to 5% | UGX 5,000 | Nil | 1 Apr 2026 |
| Exim Bank | 0.0% to 4.5% | See BoU note | Nil | 1 Apr 2026 |
| Centenary Bank | 0.5% to 4% | UGX 5,000 | UGX 15,000 | 1 Apr 2026 |
| I&M Bank | 1% to 4% | UGX 10,000 | Nil | 1 Apr 2026 |
| NCBA Bank | 1% to 4% | UGX 10,000 | UGX 3,000 | 1 Apr 2026 |
| UBA Uganda | 2% to 4% | UGX 15,000 | Not published | 1 Apr 2026 |
| Bank of India | 1.75% to 3.50% | UGX 25,000 | Nil | 1 Apr 2026 |
| Stanbic Bank | 0.5% to 3.50% | Nil | UGX 1,500 | 1 Apr 2026 |
| Tropical Bank | 2% to 3.5% | UGX 5,000 | UGX 15,000 | 1 Apr 2026 |
| Cairo Bank | 0% to 3% | UGX 5,000 to 20,000 | Nil | 1 Apr 2026 |
| Diamond Trust Bank | 1.5% to 3.0% | UGX 10,000 to 500,000 | Not published | 1 Apr 2026 |
| Ecobank | 0.1% to 3% | UGX 100,000 | UGX 5,000 | 1 Apr 2026 |
| Equity Bank | Nil to 3% | Nil | See BoU note | 1 Apr 2026 |
| Standard Chartered | 0% to 3% | Nil | UGX 10,000 | 1 Apr 2026 |
| Bank of Baroda | 1.997% | UGX 5,000 | UGX 833 | 1 Apr 2026 |
| KCB Bank | Up to 6% | UGX 20,000 | Nil | 1 Apr 2026 |
Rates and charges as each bank reported them to the Bank of Uganda. "See BoU note" means the bank gave conditions in a footnote on the sheet. The monthly fee is the sheet's minimum ledger fee per month; other charges may apply.
NSSF Smartlife Flexi return
Last published 1 Jan 2026. We'll update this when NSSF publishes again. Source: NSSF Smartlife Flexi fact sheet, January 2026.
- Return
- about 13.25%
- average a year since November 2024, before tax
- Published
- January 2026
- the latest NSSF figure
- Minimum deposit
- UGX 5,000
- per deposit
- Regulator
- URBRA
- money locked for the first year
On your amount: about UGX 132,500 before tax. NSSF hasn't published a minimum one-year savings goal we could confirm, so ask NSSF before you sign up.
Separate figure, not Smartlife Flexi: NSSF members' interest for 2025/26: 22.53%, declared September 2026. This is for regular NSSF contributions and is set once a year after the fact. Source
Insurance in Uganda: why there's no single rate
Insurance prices depend on you: your age, your health, how much cover you choose and the insurer. So there's no fair rate to list. Work out how much cover you need first, then compare quotes from licensed insurers.
Term life cover
Pays your family a lump sum if you die during the policy term.
What sets the price
Your age, your health, the amount of cover and how many years it runs.
Funeral (last expense) cover
Pays a set amount quickly when a covered family member dies, for funeral costs.
What sets the price
How many people are covered, their ages and the payout amount.
Education (school fees) policy
Sets money aside for school fees, paid out on set dates.
What sets the price
The fees you're saving for, the years until payout and your age.
Health (medical) insurance
Pays hospital and clinic bills at the insurer's partner facilities, up to set limits.
What sets the price
The ages of the people covered, the hospital network, and the inpatient and outpatient limits.
Personal accident cover
Pays if you're injured, disabled or killed in an accident.
What sets the price
Your job and the payout amount.
Savings (endowment) policy
Mixes life cover with savings and pays out at the end of the term.
What sets the price
How much you pay in, the term, and the charges.
Every insurer, broker and health membership organisation must be on the IRA's licensed list.
How we get these numbers
A script reads each source every day. If a source can't be read, we keep the last figure with its date and fix the script. If a source hasn't published, the date turns amber.
| What | Source | How often | What we check |
|---|---|---|---|
| Treasury bills and bonds | Bank of Uganda auction results | After each auction | Each bill yield matches its cut-off price; each bond's tenor matches its maturity date |
| Next auction dates | Bank of Uganda auction calendar | Once a year | Dates read from the calendar's own columns; BoU says bonds on offer may change |
| Unit trusts | Fund managers' published yields | Daily on working days | The date the manager gives, not the day we read it; yields between 1% and 30% |
| Fixed deposits and savings accounts | Bank of Uganda rate sheet for personal accounts | Quarterly | Each figure matched to its bank's column; every bank shown, including "Negotiable" |
| NSSF Smartlife Flexi | NSSF fact sheets | When NSSF publishes | Copied by hand with the month it applies to |
| Inflation | UBOS consumer price index | Monthly | The 12-month headline figure |
| Central Bank Rate | Bank of Uganda Monetary Policy Statement | After each policy meeting | The rate and the meeting date as stated |