DEMAND SAVINGS ACCOUNT

Simplest account to open, account with minimum balance

  • Offers member opportunity to save money and earn interest of 6% P. a. after 6 months before withdrawal using weighted average method.
  • Joining fee Kshs 500
  • Has no minimum contribution.
  • It’s processed on member’s request for 7 working days.
  • Withdrawal fee Kshs.100 charged.
  • No opening balance.
  • No minimum book balances.
  • Contributers KRA pin required.
  • Withholding tax deducted on interest upon redemption.
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