Fixed Deposit Account
- -This allow FOSA account holders to lock their savings for a specified period and earn highly competitive returns
-The minimum allowable deposit is be KShs20,000.00
-Funds can be fixed for 3,6 or 12 months and upon maturity the contract will be renewed or the amounts withdrawn
-Accrued interest is only paid on maturity and will be forfeited if funds are withdrawn before maturity
Savings Products
Junior Savings Account
- - This savings account is designed for children below 18 years
- Aims at fostering financial literacy and a savings culture in children as well as providing parents with an avenue to plan for their future
-The minimum monthly savings to this account is Kshs 500.00
-A competitive interest calculated monthly is paid if funds have not been withdrawn for 6 months
Akiba Savings Account
- - This is a save as you earn account tailor made for service personnel
- It offers highly competitive interest rates, seamless account management via mobile banking and flexibility in access of funds
- Minimum monthly deposits is be KShs1,000.00 PM
-Savings done via check off or internal standing order only
-Withdrawals can only be done once quarterly
Veteran Account
- - This product is meant to cushion members from financial challenges during retirement
- Veterans is able to access pension in advance immediately after retirement before pension remittances commence
- Veterans who subscribe for pension advance services, is assured of regular payments to their accounts on salary processing dates
- Veteran credit facilities attract 1% interest PM
