Ekeza Fund Scheme for Members

This product is to enable members have savings with the SACCO and in return earn interest based on the period the savings are held by the SACCO..

Based on persistent changes over recent months in financial market, including Central Bank Rate, Treasury Bills, government securities and money market instruments, the new rates applicable to Ekeza savings product have been reviewed as summarized below:

Period of investment                    Old rate per annum                                     New rate per annum
Up to 2 months                               6%                                                    5%
Between 2 to 4 months                               9%                                                    8%
Between 4 to 6 months                              10%                                                    9%
Over 6 months                              12%                                                    11%

 

 Other terms and conditions;

  1. This is a voluntary savings scheme
  2. Members are allowed to take off part / full of their savings
  3. The minimum amount you can get is Kes. 10,000
  4. The minimum savings amount is Kes. 12,000
  5. Funds will be refunded within seven working days on receipt of notice
  6. This amount can be used as a security for loan(s)
  7. A member will not earn interest if he/she makes a notice before the maturity date.