Demand Savings Account
Turn every shilling into a stepping stone for your dreams
The simplest account to open, an account with a minimum balance
A saving isn’t just holding back, it’s the seed of something greater. Every shilling you save with us grows into a future of possibilities, backed by security and peace of mind. Your ambitions, nurtured with care, are always in safe hands
Account Details
- Offers member the opportunity to save money and earn interest of 6% P. a. after 6 months before withdrawal using the weighted average method.
- Joining fee Kshs 500
- Has no minimum contribution.
- It’s processed on the member’s request for 7 working days.
- A withdrawal fee of Kshs.100 will be charged.
- There is no opening balance.
- No minimum book balances.
- Contribution of KRA pin is required.
- Withholding tax deducted on interest upon redemption.
Together we thrive,
together we achieve
Joining isn’t just signing a form; it’s stepping into a community that grows together, dreams together, and achieves together. Become a member and let’s shape a brighter future, hand in hand.
Key Benefits
Low interest rates of upto 1.17% on loans reducing balance
Great interest rates on your savings of upto 7% p.a.
Borrow upto 5x your savings amount
Extended repayment periods of upto 84 months