Fixed Deposit Account
Earn competitive interest on money saved for a fixed period
This account allows Sacco members to save money for a minimum period of 3 months up to a maximum period of 12 months at competitive interest rates
Features of Fixed Deposit Account:
1. The minimum amount one can fix is Kshs 100,000.
2. One automatic rollover is allowed
3. Interest rate is 10%.
4. Contributors KRA PIN required.
5. Withholding tax deducted on interest upon redemption.
6. A processing fee of Kshs 1000 is charged upon redemption.