Wildcard SSL Certificates
 
 
 
 
 
 
 
 

Junior Savings

 
 
 

Description

 
A member can open and operate a savings account for children under 18 years of age. The savings will earn an interest of 6% per annum.
 

Features

 
  • The account earns an interest of 6% p.a. after actively running for at least six consecutive months.
  • Interest would be paid on a minimum balance of Kshs. 10,000.
  • A transaction fee of Kshs. 200.00 will be charged for every withdrawal and Kshs.100.00 for any additional cheque paid on the same request. Excise Duty of 20% on the transaction fee is charged.
  • A member can withdraw only once every six months.
 
 
 
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