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.
Open Account