Junior Saving

Description

This is a savings account for members’ children under 18 years of age.

Features

  • The savings will earn an interest of 6% per annum after actively running for at least three (3) consecutive months, which is subject to applicable taxes.
  • For the account to earn interest, the account balance should not be below Kshs 10,000.
  • A member can withdraw only once in six months.
  • The account attracts a joining fee of Kshs 1,000 and a withdrawal fee of Kshs. 100.