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.
- Add KRA pin required.
- Withholding tax deducted on interest upon redemption.