Fixed Deposit
Commit your savings for a fixed period and earn higher guaranteed returns with full cooperative security.
Who Is This For?
Designed for members with different goals and life stages.
Committed Savers
Long-term deposit goals
Retirees
Stable income preservation
Business Owners
Parking surplus funds
Employees
Bonus & gratuity savings
Groups
Collective fixed savings
Members
All qualifying members
Key Benefits
Why members choose this product.
Higher Returns
Better rates than ordinary savings
Guaranteed Interest
Fixed rate for the lock period
Secure Savings
Cooperative-backed deposit protection
Flexible Tenors
Choose a period that suits your goals
Maturity Options
Reinvest or withdraw at maturity
Loan Collateral
May support borrowing where allowed
Requirements
What you need before you apply.
Eligibility
- Active SACCO membership
- Minimum deposit amount met
- Account in good standing
Documents
- Fixed deposit application
- National ID
- Source of funds declaration
Minimum Contribution
- Minimum deposit per tenor (e.g. KES 10,000+)
- Lump sum at opening
Membership Requirements
- Activated member account
- No outstanding arrears
Lock in higher returns today
How It Works
A clear step-by-step journey from start to finish.
Product Features
Rates, terms, and rules at a glance.
| Feature | Detail |
|---|---|
| Interest Rate | Fixed — per tenor schedule |
| Tenor Options | 3, 6, 12 months & more |
| Minimum Deposit | Per product tier |
| Lock Period | No withdrawal before maturity |
| Interest Payment | At maturity or monthly per product |
| Early Break | Penalty applies if permitted |
| Auto-Renewal | Optional at maturity |
| Fees | Disclosed at opening |
* Rates and terms are indicative. Final terms confirmed at application.
Frequently Asked Questions
Answers to common questions about Fixed Deposit.
A savings product where you lock funds for a set period and earn a guaranteed fixed interest rate.
Early withdrawal may be permitted with a penalty. Terms are disclosed when you open the deposit.
Common options include 3, 6, and 12 months. Additional tenors may be available — ask member services.
Interest is paid at maturity or monthly depending on the product you choose.
Deposits are held by a regulated cooperative with transparent governance and financial reporting.
Yes. Members may hold several fixed deposits with different tenors and amounts.
You may withdraw principal plus interest or reinvest for a new tenor.
In some cases, fixed deposits may be encumbered as collateral. Enquire at your branch.
Yes. Fixed deposits typically offer higher rates in exchange for the lock period.
Visit any branch with your ID and deposit amount, or enquire through our contact form.
Related Products
Explore other solutions that complement your goals.
Ready to earn more on your savings?
Open a fixed deposit and lock in higher guaranteed returns.