Features:Â

• One-time setup fee of Kshs. 500.Â
• A minimum amount for opening a Fixed Deposit Account is Kshs. 50,000
• Requires a one-time lump sum deposit.
• Fixed deposits can be used as collateral for credit.
• Members commit funds for a pre-determined period – 3months, 6 months, 1 year or longer.
• Fixed interest rate throughout the deposit tenure.
• The longer the period, the higher the interest earned.Â
• Generally, funds are non-withdrawable during the fixed period.
• Interest paid periodically or at the end of the term.
• Option for automatic renewal at maturity.
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