Fixed deposit account

Fixed deposit

  • Account available for all Sacco members.
  • Account holders save as an investment (expecting higher returns)
  • Minimum interest earning balance is Kshs.10, 000.
  • The account has no ledger charges.
  • Attractive interest rates negotiable on individual basis depending on amounts to be deposited
  • Withdrawal is upon maturity.
  • The applicant forfeits interest upon any premature withdrawal.
  • Payment is by cash transfer to the Savings Account
  • Interest is calculated monthly but credited at the end of the maturity period.