This scheme allows one to save regularly and use the savings to secure and guarantee loans. Dividends and interests on savings is paid annually. The Minimum monthly contribution is Kes. 5,000 for principal members and Kes. 1,000 for members by introduction.
Contributions can be done using any of these methods:
- Standing orders
- Direct Debit
- Direct deposit
- M-pesa paybill no 540900
If a member retires the fixed deposit savings before maturity the rate will go down to 3.5% p.a. Note that the current non-withdrawable deposits( Sacco deposits) cannot be transferred to the fixed deposit account.