Savings Products

a) Ordinary savings

• They are normal monthly deposit contributions by members towards their share deposits (The minimum monthly contribution is ksh 3,000 or upto 5% of one’s basic salary)
• These deposits are used as collateral when one has not guaranteed other people.
• Accumulated deposits attracts annual interest on deposits

b) Watoto Accounts

• Minimum savings of 500
• The saving is withdrawable after 6 months.
• Annual interest of 8 % is paid on pro rata.

c) Withdrawable Accounts

• This is a saving account from which a member can deposit and withdraw money when need arises.
• Interest payable of 10 % P.A is paid on pro rata