Fixed Amana
Fixed Amana is a product aimed for those looking to earn high returns with a wide choice on investment terms and maturity options.
OVERVIEW
Our Term Investment Accounts are based on the principle of profit-sharing.
We offer your investment a share of the profits earned through our investment pool. The better the performance of the investment pool, the higher the profit payable to you.
The Facility is open to all Banki Kuu Sacco members: Senior Citizens are encouraged to take advantage of the attractive rates.
WHAT'S ON OFFER
- Minimum Investment: KES. 10,000/-
- Attractive Profit Sharing Ratios (click here for latest profit rates paid)
- Other Benefits Standing Instructions on profit transfers
- Automated renewal option
- One can have more than one account and earn even more.
- Cheque deposits are effective only when the cheques are cleared.
- The Management Committee reserves the right to accept any deposit from the members.
- The maximum interest rate payable is 11.00% per annum.
- A member may roll over the principal amount only or both principal plus interest, on maturity.
- The amount held on a fixed Amana account may be used as loan security in Banki Kuu Sacco in place of guarantors but will not be treated as shares for lending purposes.
- In the event that the deposit is recalled before maturity, the interest will be forfeited.
|
Fixed Amana Amount |
Duration | ||||
| 3 Months | 6 Months | 12 Months | |||
| 10,000 - 1,000,000 | 9,25% pa | 9.75% pa | 10.50% pa | ||
| 1,000,001 - 3,000,000 | 9.25% pa | 9.75% pa | 10.50% pa | ||
| Above 3,000,000 | 9.75% pa | 10.25% pa | 11.00% pa | ||
Terms and Conditions Apply
Call us on +254(0)724256651 or visit our offices for more details.
