Fixed Deposit Account
Lock in your savings, unlock your future
Designed to help you achieve your Holiday dreams
Secure your wealth and watch it grow with our Fixed Deposit Account. Whether you’re planning for the future or looking to make your money work harder, this account offers you guaranteed returns and peace of mind. With flexible terms and competitive interest rates, you can rest assured that your savings are in the safest hands while steadily building your financial future. Stability, growth, and security, all in one place
Account Details
- 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 rollover is allowed.
- A joining fee of Ksh 500 is required.
- Interest rates depend on the period fixed as follows:
- 3months – 4%
- 6months – 5%
- 9months – 6%
- 12months – 7%
- Contributors KRA PIN required.
- Withholding tax deducted on interest upon redemption.
- A processing fee of Ksh 100 is charged 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