This is a savings account specifically tailor-made for schools to enable them receive free education funds ffrom the Ministry of Education.
Features
Available in Kshs
No minimum opening balance
Operating balance of Kshs 1,00
No cheque book
Free quartely statements
Bankers cheque charge of Kshs 200
Transaction fee Kshs 100 per direct from the Ministry of Education.
YOUNG COMMUNITY SAVERS ACCOUNT This is a savings account designed for those under the age of 18
Features
• Available in Kshs only • Affordable opening balance of Kshs 300 • NO Cheque book facility • NO ATM card • Profit to be earned on monthly average credit balances above KShs 2,000 • Free semi annual statements • Inter-account sweep arrangements • 3 Free Bankers Cheques for school fees per annum • Free money-banks, gifts and other giveaways at the time of opening account
STUDENTS ACCOUNT This is a savings account dedicated for college/university going students
Features
Available in Kshs only
Affordable opening balance of Kshs1,000
NO Cheque book facility
Free ATM card upon request
Profit to be earned on monthly average credit balances above KShs 3,000
Free semi annual statements
Inter-account sweep arrangements
3 Free Bankers Cheques for tuition fees per annum
SAHLAH ACCOUNT This is an account designed for low income earners
Features
• Available in Kshs only • Affordable minimum opening balance of Kshs.100/= • ATM card upon request • No cheque book facility • Profit to be earned monthly on average credit balance above Kshs.3,000/= • Free semi annual statement • Counter withdrawal charge of Kshs.100/= per withdrawal • No monthly account maintenance charge.
INVEST PLUS (Fixed Maturity Account) This is a Fixed term savings account designed for high net worth individuals & businesses who are interested in placing their funds on fixed periods to earn higher rates of return.
Features • Available in KShs, USD, Euro and GBP • Available in fixed tenors of 1, 3, 6, 9 and12 months • Expected returns payable on maturity • Possibility of reinvesting realised returns • Minimum deposit amount is KShs 50,000 USD 1000, GBP 1000, Euro 1000 • Inter-account sweep arrangements on maturity
LABBEYK ACCOUNT This is a savings account designed specifically for the purposes of saving for Hajj(Pilgrimage)
Features • Account can be opened in KShs, USD, GBP & EURO • Affordable minimum opening and operating minimum balance of Kshs1,000 • NO Cheque book facility • No ATM card • No account maintenance charges • Profit to be earned monthly on average credit balances above KShs 3,000 • Free semi annual statements • Inter-account sweep arrangements • Gift pack for Hajj pilgrim
BUSARA SAVINGS ACCOUNT A Savings account designed as a special savings plan for those wishing to save for a specific purpose, such as: Family Holidays, Weddings, Education e.t.c
Features • Account can be opened in KShs, USD, GBP & EURO • FREE half yearly statements of accounts • Affordable minimum opening & operating balance of only KShs 5,000 • Limited to 2 withdrawals per month • Profit to be earned monthly on average credit balances above Kshs 5,000