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    Dudu Sacco > Zao Fixed Deposit Account

Zao Fixed Deposit Account

It’s a fixed term savings account with a pre-determined interest rate.

Features:

  • Available in KES and USD.
  • Minimum of Kes 5,000.00 and USD 200.
  • Funds can be fixed either for 6 or 12 months with renewable fixed periods.
  • Accrued interest is forfeited if a depositor withdraws the funds before maturity date.
  • No ledger fees or account maintenance fee.
  • Deposits can be pledged to against loan and therefore cessation of movement is applied.
  • Option to reinvest/retain accrued interest into the principal amount at maturity.
  • Attractive interest rates as shown below:
Amount   6 Months   12 Months 
 KES.   Yield Rate   Yield Rate 
 5,000-199,999 6.5% P.a 7.5% P.a
 200,000-499,999 7.0% P.a 8.0% P.a
 500,000-999,999 7.5% P.a 8.5% P.a
 1,000,000-1,999,999 8.0% P.a 9.0% P.a
 2M-3,999,999 8.50% p.a 9.5% P.a
 4M and above 9.0% P.a 10.00% P.a
 Amount   6 Months   12 Months 
 USD   Yield Rate   Yield Rate 
 200-999 3.0% P.a 4.0% P.a
 1,000-4,999 3.5% P.a 4.5% P.a
 5,000-9,999 4.0% P.a 5.0% P.a
 10,000-19,999 4.5% P.a 5.5% P.a
 20,000 and above 5.0% P.a 6.0% P.a

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