FIXED DEPOSIT ACCOUNT
Maximize the growth potential of your savings, without taking any risks
- This account allows only members of the Sacco to save money for a minimum period of 3 months up to a maximum period of 12 months at competitive rates of interest.
- The minimum amount one can fix is Kshs 10,000.
- One automatic roll over is allowed.
- Joining fee of Ksh 500 required.
- Interest rates depend on period fixed as follows:
- 3months – 4%
- 6months – 5%
- 9months – 6%
- 12months – 7%
- Contributors KRA PIN required.
- Withholding tax deducted on interest upon redemption.
- Processing fee of Ksh 100 is charged upon redemption.