Member Savings

Regular Savings

Our members are given an opportunity to open up savings account with the SACCO where they can make regular saving deposits which shall be available to them at their convenience as well as earning them some interest at an annual basis.

Such saving accounts:

  • Earns a percentage interest Per Annum.
  • Withdrawable on demand.
  • Deducted at source or own deposit in cash or bank.
  • Can act as security for a loan

Why Regular Savings?

  • This encourages a culture of saving among members and gives them financial freedom and an opportunity to accumulate their wealth and improve their respective economic and social conditions.
  • Regular savings also create a source of funds at a fair and reasonable interest rate accessible by all members when there is need.

Fixed Savings

We also offer a fixed savings product where members are guaranteed of fixed interest per annum..

  • 2-3 years 10% interest Per Annum.
  • 1-2 years 9% interest Per Annum.
  • 1 year 8% interest Per Annum.
  • Can also act as security for a loan.
  • Termination on demand or request with notice of 2 months

Why Fixed Savings?

  • As an alternative investment strategy, we allow fixed deposit accounts where money can be fixed for a stated period to earn interest.

This attracts interest ranging from 8% to 10% per annum depending on amount to be fixed and period for fixing.

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