 |
 |
| |
Provides
investment groups with an opportunity to make monthly savings
while earning a high return on interest. Groups
can accumulate wealth through a savings plan that will suit
their shared goals.
Account
holders will have the opportunity of choosing either a 6, 12,
18 or 24 months scheme with the following features: |
|
| |
 Initial deposit of kes 10,000/= |
| |
No maintenance fees. |
| |
Minimum monthly contribution of kes 10,000/= |
| |
In the event of unforeseen problems, a group will be allowed to skip a one month’s contribution, and a recurrence of the same will lead to a conversion of the investment into an ordinary savings account. |
| |
Withdrawal from the scheme will lead to conversion of the investment into an ordinary savings account. |
| |
Interest rates are fixed quarterly and are subject to market conditions. |
|
