Savings Accounts
Your Future Your Wealth
Savings Accounts provide opportunities to individuals and corporate bodies to accumulate regular savings. The Society offers both medium and long-term savings accounts to members.
Prior to opening a savings account, the individual requesting the account shall have been admitted as a member of the society.
Share Capital
Members hold stake/ownership of equity in the Sacco, non-withdrawable but transferable upon exit, with annual dividends automatically reinvested for those holding less than the Minimum Share Capital threshold.
Deposits
These monthly savings, deposited continuously throughout membership, accrue annual interest and enable access to deposit-based loans, offering flexibility in contributions via various methods and accessible upon membership withdrawal
Education Savings
This is an annual savings program to cater for members school fees needs. It is withdrawable quarterly, semiannually, and annually with interest as per the prevailing Society rate.
Fixed deposit
The Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between one to twelve months. The account targets members with large sums of money that they have put aside for investment and they are certain of the period that they can commit the funds.
Deposits
This is the monthly deposit made by a member against which they take loans, guarantee loan and earn interest at the end of the year.
- Minimum contribution per month Kshs 6,000
- All active accounts earn rebates
- Qualifies members to borrow up to 4 times deposits
- Qualifies members to guarantee loans
Fixed Deposits
This is an investment account which enables members to save for a period of 3-12 months and get a
competitive return.
- Quarterly withdrawal
- Kes 50,000 Minimum Account Balance.
- Earns 10% interest p.a
Education savings
This is the monthly deposit made by a member against which they take loans, guarantee loan and earn interest at the end of the year.
- Quarterly withdrawal
- No Minimum Account Balance.
- Earns 10% interest p.a
Smart Savers Make the best Investors
Learn more about being a member and start your financial journey today.