Details

Written by Super User

Category: Uncategorised

Published: 06 June 2017

Hits: 9299

It is advisable to open and start operating this account early enough so as to enjoy your sunset years. This account can be accessed immediately after retirement.

Features

• Minimum operating balance Kshs. 500/-
• Minimum monthly savings Ksh. 200/-
• Interest earning balance Kshs. 5,000/-
• Savings are withdrawable after 3 years of deposits and or upon resignation from service or attaining mandatory retirement age.
• Savings can be pledged as security for Sacco loans

Requirements

• Proper Identification documents ( National ID card or Passport)
• Passport size photo to be taken upon opening of the Account
• Opening Balance 500/-

Details

Written by Super User

Category: Uncategorised

Published: 06 June 2017

Hits: 6818

This Account is ran as a savings and withdrawal account with salaries and loans being processed through it.

Main Features of the Account

• Minimum operating balance of Ksh. 1,000.00 which you can build slowly by slowly.
• Interest earning balance is Kshs. 1,000.00
• Deposits and withdrawal open 24/7. This can be done over the counter (Teller), Through ATMs OR Mobile Banking.
• This is a facility for payments of all loans, salaries, refund and dividends.
• To qualify for Fosa loan you must operate this account.

Requirements

• Proper Identification documents ( National ID card or Passport)
• Passport size photo to be taken upon opening of the Account
• Opening Balance 1,000/-

Details

Written by Super User

Category: Uncategorised

Published: 06 June 2017

Hits: 17896

As the name suggests it is an account for our children and grand children

Features

• Minimum opening balance Kshs. 500/-
• Minimum monthly savings Ksh. 200/-
• Interest earning balance Kshs.5,000/-
• 3 withdrawal per year
• Home saving braded piggy bank on Account opening
• Account to be operated by parent/guardian for the child upto 18 years
• No ledger fees on this account
• Child’s Birth Certificate Required

Requirements

• A copy of the child’s birth certificate
• The Parents/Guardian Identication card or Passport
• Passport size photo of the Parent/Guardian to be taken upon opening of the Account
• One recent Passport size Photograph of the Child

Details

Written by Super User

Category: Uncategorised

Published: 06 June 2017

Hits: 10397

Fosa loans are available to members whose salaries are channeled through fosa account.

Features

• Granted up to 90% of the past net salary
• Repayment period is one month
• Interest rate is 10% recoverable upfront
• Granted within a day
• Salary is the security/No guarantor is required.