Junior Saving
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- 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.