Christmas Savings Account
- Minimum monthly savings of Kshs.200/= Interest rate of 5%
- Maturity is end of November.
Holiday Savings Account
- Account holders make deposits into this account for a minimum period of 6 months before any withdrawal can be done.
- Minimum monthly savings of Kshs.200/=
- Minimum interest earning balance is Kshs.5,000/=
- Interest rate of 5%p.a Withdrawal twice annually
Comoco Junior Savings Account
- No ledger fees
- Minimum contribution of Kshs.200/= Opening balance - Kshs. 500/=
- Minimum operating balance - Kshs.500/=
- Minimum interest earning balance of Kshs. 2,000/=
- Interest of 5% p.a
- One free banker's cheque to school p.a
- One withdrawal quarterly Free internal standing order
- Piggy bank (money bank)
Retirement Savings Account
- Minimum operating balance Kshs.500/=
- Minimum monthly savings Kshs.200/= Interest earning balance Kshs.5,000/=
- Interest of 5% p.a
- Savings are withdrawable after 3 years of deposits and or upon resignation from service or attaining mandatory retirement age.
- Savings can be pledged as security for Sacco loans
- Fixed Deposit Account
- The Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between one to twelve months.
The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds. The account operates as detailed below.
- Minimum investment of Kshs.5,OOO/=
- Interest rate of 10% or as my be determined from time to time
- Investment is for fixed term periods of 3months, 6months, 9 months or 12 months.
- Account can be used as security for other Sacco loans
- Upon maturity the depositor can rollover the principal together with the interest or collect interest and rollover the principal or collect both principal and interest.
