Investment Accounts
List of Products
Investment Shares
- This product allows members to invest money into the cooperative in form of investment shares on which interest is paid per annum. Annual interest rate will be calculated based on the amounts invested in the cooperative and the period of investment but will of 15% per annum. If the investment is rolled over, it will be compounded over the selected period of investment
Features
– Minimum investment of 20 shares at K500 per share
– One off management fee K300 per annum
– Interest withdrawable after 1 year
– Zero administrative cost
Benefit
– High return on investment
Junior Star
- This is a children’s saving account to meet their long term financial needs such as
University education or fund their life start up. Members can save for minimum of 1 year and
maximum of 18 years.
Features:
– Minimum monthly savings of K100.
– No ledger fees or account maintenance will apply, but withdrawal charges will apply.
Benefits:
– Minimum interest earning balance of K5000 @ 8% p.a.
– Withdrawal can be done once every One (1) year