Early July, KCB Bank Uganda teamed up with Airtel Uganda to launch a new savings product dubbed “Airtel Money Super Saver“. The Super Saver campaign gives all Airtel subscribers access to financial services simply on their mobile phone without owning a bank account. All super saver subscribers can save and fix money using their Airtel Money anywhere.
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Why Airtel Money Super Saver?
Airtel Super Saver provides mobile micro savings services starting as low as UGX 500. No subscription fee, withdraw and deposits are free plus you get a mini statement of the last 4 transactions including your bonus.
Requirements of Airtel Money Super Saver Account
An active Airtel Simcard registered on Airtel money.
Sufficient funds on Airtel money which the customer would like to save. Savings start as low as UGX 500.
How to Subscribe To Airtel Money Super Saver
- Dial *185# then call button.
- Choose option 7, Financial Services.
- Select option 11, Savings.
- Enter your Airtel Money PIN to assert that you accept the terms and conditions.
- A confirmation SMS will be sent to your phone.
How Does Super Saver Work
Airtel Money Super Saver has three incredible products including a Regular Deposit Account, Fixed Account and Unsecured Mobile Loans.
Regular Deposit Account
Airtel Super Saver subscribers can save starting as low as UGX 500 at an interest of 5% per year using Airtel Money on their Regular Account. Setting up the Airtel Super Saver Regular account is free, and the most interesting part is that customers are not charged on deposits and withdrawals.
Fixed Deposits Account.
Just like the Regular Savings Account, there are no transaction fees on Super Saver subscriptions, deposits and withdrawals. Although with the Airtel Super Saver Fixed account, the initial deposit for customers starts from UGX 250,000 upwards. And of course with a mouthwatering interest rate that will be paid as soon as the fixed tenure period matures.
Interest Rates & Tenures of Airtel Super Saver Fixed Account
TENURE (MONTHS) | INTEREST |
3 Months | 8% |
6 Months | 8.5% |
12 Months | 9% |
NOTE:
If a customer opts to withdraw savings from the fixed deposit before fixed tenure expiry, they will be penalized with a low interest rate.
Interest Rates of terminated Airtel Super Saver Fixed Account
TENURE (MONTHS) | INTEREST |
3 Months | 3% |
6 Months | 3.5% |
12 Months | 4% |
This service is currently un-available.
Unsecured Mobile Loans.
As much as we love to save, we also need loans. And with the Super Saver account you can borrow some money on your mobile without any collateral. Unfortunately, this feature is only available to Airtel Money Agents. The agents can borrow up to UGX 250,000 for a period of 48 hours, at a fee of only UGX 300.
How to Deposit Money On Airtel Money Super Saver Account
- Ensure you have sufficient funds on your Airtel Money account.
- Dial *185*7*11# then OK.
- Chose Option 1, Super Saver.
- Select Deposit, option 2.
- Enter amount you wish to deposit. Amount should not be less than UGX 500.
- Input Airtel Money PIN to confirm deposit.
How to Withdraw Money From Airtel Money Super Saver Account
- Ensure you have savings on your Airtel Super Saver account.
- Dial *185*7*11# then OK.
- Chose Option 1, Super Saver.
- Select option 1, Withdrawal.
- Enter amount you want to withdraw.
- Input Airtel Money Pin. The funds will be directed to your mobile money Account free of charge.
How to Check Airtel Super Saver Balance
- Dial *185*7*11# then OK.
- Chose Option 1, Super Saver.
- Select option 3, Check balance.
- Enter Airtel Money PIN. Your Savings balance will be sent via SMS.
How to Request for Mini Statement on Airtel Super Saver Account
- Dial *185*7*11# then OK.
- Chose Option 1, Super Saver.
- Select option 4, Mini Statement.
- Enter Airtel Money PIN. Your account Mini Statement will be sent via SMS.