This is a children’s savings account for School fees financial needs.
Features:
- Available in KES and USD.
- Attractive interest rate of 7.5% p.a. for a minimum of Kes. 5,000.00.
- Withdrawal can be done once after every three (3) calendar months.
- Withdrawal before 3 months’ period is over is permissible but a charge of 5% per withdrawal unless the amounts are being transferred for loan pay off or to another savings account.
- Interest capitalized at the end of a financial year.
- No ledger fees or account maintenance fee.
- Payment made directly to the school upon member’s request.
