Safaricom Sacco Accounts- Fixed Deposit Account, Jaza Jaza Account, Childrens Account, Savings/Salary Account, School Fees Account, Savings Account.
The following are the Safaricom Sacco Accounts.
Safaricom Sacco Accounts: Fixed Deposit Account
Features
-Fixed term deposits for 3 Months, 6 Months and 12 Months
-Forfeiture of interest rate upon cancellation before maturity date.
-Interest rate will be determined from time to time
-Minimum balance – KShs. 50,000.00
-No Ledger Fees applied
-Renewable terms
Fixed Deposit Account Application Form and Interest Calculator
These can be downloaded by following the link below.
http://safaricomsacco.com/fosa-savings-products/item/20-fixed-deposit-account.html
Safaricom Sacco Accounts: Jaza Jaza Account
Features
-Minimum Operating Balance – KShs. 3,000.00
-Bi-Annual Withdrawal
-Interest 4.5% per Annum.
-Member can save on a Monthly basis.
-No Interest and Bank charges.
-Withdrawal Charges- KShs. 50.00
Safaricom Sacco Accounts: Childrens Account
Features
-Account for member’s children under 18 years of age.
-Birth day card for Account holder
-Fun day for children
-Minimum Operating Balance – Kshs. 1000
-Access to express loans for School Fees
Safaricom Sacco Accounts: Savings/Salary Account
Features
-Minimum Operating balance – KShs. 500.00
-Withdrawal Charges- KShs. 57.00
-Salary Processing Fee – KShs. 100.00
-No Interest and Bank charges.
Safaricom Sacco Accounts: School Fees Account
Features
-Minimum Balance KShs. 3000.00
-Account withdrawal done once a year – December
-Withdrawal charges- KShs. 50.00
-School Fees Banker’s cheque – KShs. 100.00
-2% Interest on Savings above KSh. 20,000.00
Savings Account
Features
-Processing Payments like Loans, Dividends, Refunds etc.
-ATM Withdrawals in partnership with Cooperative bank via SACCO Link – KShs. 30.00
-Closure of Account charge- KShs. 400.00
-FOSA Plastic Card- KShs. 200.00
-Interest on Savings – 2% per Annum for savings of at least 6 Months.
-Minimum Interest earning balance KShs. 20,000.00
-Minimum Operating Balance- KShs. 1.000.00
-Service Charge/Ledger Fee – KShs. 200.00 per Month
-Withdrawal Fees – KShs. 50.00 over the counter.
