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be KShs20,000.00 -Funds can be fixed for 3,6 or 12 months and upon maturity the contract will be renewed or the amounts withdrawn -Accrued interest is only paid on maturity and will be forfeited if funds are withdrawn before maturity |
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savings to this account is KShs 500.00 -A competitive interest calculated monthly is paid if funds have not been withdrawn for 6 months |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 |
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