The Group Savings account is a withdrawable deposit account that targets members with group savings. The members of the group need to be Sacco members.
The terms and conditions of the account are:-

• No monthly charges to the account.
• Competitive interest rates on your Chama money of up to 5% p.a
• Access to loans of up to 4 times of their savings.
• Longer repayment period of up to 48 months.
• Free standing orders to the Chama account for FOSA account holders.
• Two free statements in a year on request.
• Access to professional investment advice.
• Minimum of 5 members and no maximum.