Savings Services

Eligibility for Savings Accounts

• Savings products are available only to persons who have fulfilled membership conditions as outlined in the Sacco by-laws.
• A member MUST have at least one savings product at any given time.
• Members shall contribute a minimum KES 5,000 monthly non-withdrawable deposits/savings. This amount may be varied from time to time by the Annual General Meeting.
• There shall be no upper limit to the amount or frequency of saving
• The Sacco shall provide multiple savings channels which shall include but not be limited to mobile savings, bank deposits, bank transfers, standing orders, direct debits, RTGS and payroll deduction.
• Members who wish to rejoin the Sacco after leaving shall be charged a rejoining fee as shall be determined by the board of directors from time to time.
• Members whose accounts become dormant shall be charged an account reactivation fee as shall be determined by the board of directors from time to time.