Junior Savings Account

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Minimum monthly savings of Kshs. 500/-
Minimum Share Capital: Please add the information that the minimum share capital is KES 15,000.
5% interest P.A. on savings.
Accounts can be used as collateral for school fees loan to the Junior.
The guardian must be an active Member of the Sacco.
The account attracts no monthly charges or account maintenance fees.
Account converts to full membership after the saver attains 18 years of age and a Kshs. 1,000 Conversion Fee.
Full or partial withdrawal is allowed after 12 months from the fixing date, where the savings have not been used as collateral.
Minimum account balance – Kshs 500/-