Special Savings Account

A fixed account is an investment account where you deposit funds for a fixed period and the interest rate does not fluctuate during the investment period. This is a perfect account for your investment if you want to invest a lump sum of money and will not access it until the specified period matures.

Main Features of the Account

• Minimum balance of Ksh 5,000.
• You can choose how long you want to invest either for 3 months, 6 months , 9 months or 12 months.
• The interest rate is fixed for the full period of your investment and its currently at 6% p.a
• You cannot add to or withdraw from your investment during the investment term.
• Can Act as a facility for collateral on borrowing – this account acts as a security on acquisition of a sacco loan.
• No fees are charged on this account