Savings & Deposits

(i). FOSA Savings Products:

Requirements for FOSA account Opening

  • FOSA membership application form
  • One passport size photo
  • Copy of ID

(ii). Ordinary Savings Account

Features:

  • Minimum operating balance kshs 500/=
  • Minimum balance to earn interest kshs 3,000.00
  • Unlimited withdrawals

(iii). Premium Savings Account

Features:

  • Minimum operating balance kshs 1,000/=
  • Minimum interest earning balances kshs 5,000/=
  • Withdrawal is quarterly.


(iv). Fixed Deposit Account

Features:

  • Minimum Deposit kshs 20, 000/=
  • Maturity withdrawals after 3 months at negotiable interest rates (Interest rates negotiable subject to prevailing market rates)


(v). Jipange Savings  Account
Features:

  • Minimum opening balance kshs 500/=
  • Minimum account balance kshs 500/=
  • Minimum monthly contribution kshs 500/=
  • For holiday savings
  • Withdrawable after every 6 (six) months
  • Minimum balance to earn interest kshs 10,000/=