Deposit Account
Deposit Today, Prosper Tomorrow
The Deposit Account is the heart of your membership in the SACCO
A deposit isn’t just money in, it’s an opportunity waiting to bloom. We make every shilling count, offering you growth, security, and a quiet confidence that your future is in good hands.
Account Details
The Deposit Accoount is the Sacco’s core saving that every member must have in order to access all Sacco products and services and enjoying annual interest returns based on Sacco’s profitability. A Deposit account is NOT a deposit and withdrawing account.
The objective of Deposit account is to encourage regular uninterrupted savings for building one’s long-term savings for future use and development goals through cheap Sacco loans.
- The minimum monthly contribution is Kshs 5,000
- Non-withdrawable unless one withdraws membership.
Benefits of a Deposit Account:
- Opportunity to build long-term Savings for future use.
- Access to cheap Sacco loans and other services.
- Loan entitlement is 5 times your savings depending on the loan product.
- Use as loan collateral
Annual interest returns based on Sacco’s profitability. - There is no opening balance.
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