This an interest-earning savings account designed for members who want to build financial discipline and avoid unnecessary spending. This account allows members to lock away funds for a chosen period, helping them stay committed to their savings goals while earning attractive interest. Members can also make regular deposits into the account during the saving period, enabling them to steadily grow their savings in a disciplined and structured way.
How It Works- The minimum saving period is 6 months.
- To qualify for interest, a member must maintain a minimum balance of Ksh. 5,000.
- One is allowed to withdrawal upon maturity
- Upon maturity or withdrawal, the principal amount plus interest earned will be transferred to the member’s FOSA account.