Fixed Deposit Account

The Fixed deposit account is deposit account where depositors can place short term deposits for specified periods of time usually up to twelve months.

The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds.

Features and Benefits

Available to Sacco members
Minimum interest earning balance of 20,000
No monthly deposits
No maximum limit
Attractive interest rates
Earns interest upon maturity
Minimum fixe period 3 months
Open for reinvestment upon maturity