Current Account
This account provides a convenient and flexible medium for making and receiving payments thus enhancing personal and business transactions. It can be opened in the name of an individual, joint names, registered groups or registered business names.
Features
- Free photo
- Minimum operating balance is Ksh. 1,000
- We also have Cheque Books( For Application charges, visit our member care desk)
- Free account statements twice a year
- Low transaction charges
- No cash deposit charges
Akiba Account (FOSA Savings Account)
Features
- Competitive interest rates.
- No ledger Fees/Account maintenance charges
- Zero opening balance
Requirements
- Original National ID.
- Free photo
Mwethya Account (Group Saving Product)
Features
- Competitive interest rates.
- Unlimited withdrawals
- No minimum operating balance
- Free statements quarterly
- No ledger Fees/Account maintenance charges
Requirements
- Original and copy of group registration certificate and BY-Laws
- National lD’s of group officials
Toto Account
Features
- Provision of a home bank kit.
- No minimum balance
- Free three withdrawals Per Year
- Annual party for Account Holder
- Three free school fees banker’s cheques
- No ledger Fees/Account Maintenance charges
- Account operated by parent, Guardian until the child is 18 Years old
Requirements
- National ID of Parent or Guardian
- Birth Certificate / notification
Faida Account
One is able to fix as little money as they have
Features
- Allows one to immediately borrow up to 80% deposit amount.
- Competitive interest rates depending on duration and amount
Young Turks Account
One is able to fix as little money as they have
Features
- No ledger Fees
- No monthly fee
- No minimum balance
- Provision of an ATM Card
- Competitive interest rates
Nawiri Account (Contractual Savings Account)
Features
- No premature withdrawals.
- Quarterly statements will be provided.
- A token will be given for accounts renewed.
- No ledger Fees/Account maintenance charges.
- Member also specifies the duration of the contract.
- Member chooses the minimum monthly amount and signs a contract Form.
Corporate Current Account
Features
- Minimal withdrawal charges
- ATM card is issued to the account holders
- Account holders have access to Over drafts
- Account holders have access to Cheque books
Call Deposit Account
Members will earn interest on deposits saved in the Sacco daily.
Interest is computed on daily basis at a standard percentage on the available balance in the account
One can opt out or auto renew or withdraw anytime as long as a 24hrs notice is given to the Sacco.