Treasury Bills Interest Rates in Uganda Today (Updated 2025)
Treasury bills (T-bills) are among the safest short-term investments in Uganda. Issued by the Government of Uganda through the Bank of Uganda, their returns depend on bi-weekly auctions where interest rates are set. If you’re wondering what the current treasury bill interest rates in Uganda are today, this guide gives you a clear breakdown.
How Treasury Bill Interest Rates Are Set
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Treasury bill rates are determined during Bank of Uganda auctions.
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Investors place bids through commercial banks.
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The final rate (called the cut-off yield) is the highest rate accepted at the auction.
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Non-competitive bids (most individuals) are automatically accepted at this cut-off yield.
This means your return depends on the most recent auction results.
Treasury Bills Interest Rates in Uganda Today
As of September, the latest Bank of Uganda auction delivered the following indicative rates:
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91-Day Treasury Bill: ~10.3% annualized yield
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182-Day Treasury Bill: ~13.4% annualized yield
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364-Day Treasury Bill: ~15.2% annualized yield
For the most recent auction results and upcoming rates:
Why Treasury Bill Rates Change
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Government Borrowing Needs – Higher borrowing can push rates up.
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Investor Demand – If many investors bid, rates may fall.
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Inflation Trends – Rising inflation usually leads to higher yields.
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Monetary Policy – Bank of Uganda policy rates also influence T-bill yields.
How to Check Treasury Bill Rates Yourself
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Visit the Bank of Uganda website (auction results are published after every auction).
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Ask your commercial bank for current yields.
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Follow Level Africa updates via our community channels.
Treasury Bill Rates vs Other Investments
| Instrument | Typical Return (2025) | Liquidity | Best For |
|---|---|---|---|
| 91-Day Treasury Bill | 10–12% | 3 months | Short-term savers |
| 182-Day Treasury Bill | 12–14% | 6 months | Medium-term goals |
| 364-Day Treasury Bill | 14–16% | 1 year | Higher returns, longer lock-in |
| Fixed Deposit (bank) | 6–10% | Bank-set terms | Conservative savers |
| Unit Trusts (Money Market) | 10–13% | Flexible | Beginners, small savers |
Final Thoughts
Treasury bill interest rates in Uganda today remain competitive compared to most savings accounts and fixed deposits. While rates vary at each auction, the 91-day, 182-day, and 364-day options all provide safe, predictable returns for investors.
👉 Want the latest auction rates as soon as they’re released?
FAQs
1. What is the interest rate on treasury bills in Uganda today?
It changes at every auction, but recent results show 10–16% annualized yields depending on tenor.
2. How often are treasury bill rates updated?
Every two weeks after Bank of Uganda auctions.
3. Which treasury bill pays the most?
The 364-day bill typically offers the highest yield.
4. Can treasury bill rates fall?
Yes. If demand is high or government borrowing needs are low, yields can decrease.
5. How can I get notified of treasury bill rate changes?
Follow auction results on the Bank of Uganda website or join the Level Africa WhatsApp community.