Safaricom Sacco savings accounts can support everyday saving, education expenses and longer-term financial planning. Products and terms change; always obtain the latest account schedules directly from the Sacco.
Fixed deposit accounts
A fixed deposit generally holds money for an agreed term. Confirm minimum opening funds, rates, tax, maturity dates and any early-withdrawal penalty.
Regular savings
Member deposits may be linked to loan eligibility. Ask which savings are withdrawable and which represent non-withdrawable shares.
Jaza Jaza
Earlier published accounts referred to a Jaza Jaza product. Ask whether it is still offered and request its current conditions before applying.
Children’s savings and school-fees savings
Family savings products may help plan for education. Check guardian requirements, withdrawal timing and charges.
Salary and transaction accounts
Ask whether transaction or salary-linked accounts are currently available and how to access balances and statements.
How to compare accounts
- Opening balance and minimum ongoing balance
- Interest rates and how they are calculated
- Withdrawals, transfer charges and penalties
- Member eligibility and required documents
- Regulatory status and complaints procedures
See SASRA for regulation information and verify payment instructions before making a deposit.
