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New M-Hasibu Pro App — download on Play Store & App Store
Products Instant Rahisi Loan up to KES 1M — apply via portal
Open Membership now open to all Kenyans and the Diaspora
USSD Bank on the go with *657#

Home / Products / Savings (BOSA) / Fixed Deposit

Lock & Grow

Fixed Deposit

Don’t let your money sit idle. Let it grow with confidence.

A Fixed Deposit lets you set aside a lump sum for a fixed period at a predetermined interest rate. The larger the amount and the longer the term, the higher your rate.

Open a Fixed DepositDownload Terms & Conditions
Rates9.5% to 11.0%
Tenure3 to 12 months
Minimum depositKES 10,000
Tenure3 to 12 months
Loan collateralUp to 100%

Key features

  • Fixed rate: your rate is set when you fix your deposit.
  • Flexible tenure: choose 3, 6, 9 or 12 months.
  • Interest paid at maturity: roll over the principal plus interest, or credit the interest to your current account.
  • Use it as security: a fixed deposit can be 100% collateral for a loan.

Rates

Amount (KES)3 months6 months9 months12 months
10,000 to 4,999,9999.5%9.5%9.5%9.5%
5,000,000 to 9,999,9999.5%9.5%9.5%10.0%
10,000,000 to 19,999,99910.0%10.0%10.5%10.5%
20,000,000 and above10.0%10.5%11.0%11.0%

Rates are subject to review.

Terms to note

  • No interest is paid if you withdraw within one month of fixing.
  • After one month, an early withdrawal earns 25% of the interest accrued to date.
  • Interest at maturity is subject to withholding tax where applicable.
  • The Sacco may revise rates and terms from time to time.

More in Savings (BOSA)

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Bank anywhere. No paperwork.Join online, then manage everything from your phone or computer.
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