Mon - Fri : 08:00 - 17:00
info@jogoosacco.coop
+254 20 232 3919

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