Stoke Uk Diaspora Sacco

Fixed Deposit Account

Earn competitive interest on money saved for a fixed period

This account allows Sacco members to save money for a minimum period of 3 months up to a maximum period of 12 months at competitive interest rates

Features of Fixed Deposit Account:

1. The minimum amount one can fix is Kshs 100,000.

2. One automatic rollover is allowed

3. Interest rates depend on the period fixed as follows:

– 3months – 3%

– 6months – 4%

– 9months – 5%

– 12months – 6%

4. Contributors KRA PIN required.

5. Withholding tax deducted on interest upon redemption.

6. A processing fee of Kshs 1000 is charged upon redemption.