SAVINGS ACCOUNTS

REACH YOUR FINANCIAL TARGETS WITH OUR SAVINGS ACCOUNTS

"We have different savings accounts for your every day needs"

Savings Accounts provide opportunities to individuals and corporate bodies to accumulate regular savings. The Society offers both medium and long-term savings accounts to members.

Prior to opening a savings account, the individual requesting the account shall have been admitted as a member of the society. Contributions can be through check off, standing orders, mobile banking, direct deposits, or bank transfers.

Upon successful completion of membership registration, 3 mandatory accounts are created;

  • Share Capital- Amount of shares available 
  • Alpha Deposit – Non-withdrawable Savings Account which is also Multiplier Account for loans
  • Prime Account – Transactional/Current Account

TYPES OF SAVINGS ACCOUNTS

Shares Savings Account

Alpha Deposits Savings Account

1. It is an excellent account for long-term saving with attractive dividends.

2. The shares are non-refundable but can be transferred to existing member.

3. Each member needs to have share capital depending on their category. A member may purchase shares by installment.

      Minimum Shares

      • Individuals Kes. 25,000/=

      • Groups Kes. 25,000/=

      • Corporate Kes. 50,000/=

4. Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital.

1. These are the continuous monthly savings that members make to the Sacco throughout their membership.

2. Alpha Savings earn interest annually and allow members to access deposit-based loans.

      Minimum monthly contributions

      • Individuals Kes. 1,000/=

      • Groups Kes. 5,000/=

      • Corporates Kes 10,000/=

3. Can be contributed through standing order, check off, mobile banking, bank transfer or direct deposit.

4. Can only be accessed upon membership withdrawal.

5. Interest Rebates shall be automatically capitalized for any member holding less than the Minimum Share Capital.

FIXED DEPOSIT RATES

Latest FDR rates as at 2021

sort fixed deposit rates
Call range
4%7%
3 months range
6%10%
6 months range
6%10%
12 months range
6%10%
AmountCall (%)3 months (%)6 months (%)12 months (%)
100m and above7.009.509.7510.00
50m-99.9m7.009.009.509.75
10m-24.9m6.507.508.509.00
5m-9,999,9996.507.258.008.50
3m-4,999,9995.507.007.508.00
1m-2,999,9995.256.757.007.50
400,000-999,9995.006.506.507.00
50,000-399,9994.756.256.256.50
5000-499994.506.006.006.00

Open a Savings Account

Are you a member of Stima Sacco? Click here if No.

If yes, fill in the form below and one of our representatives will get back to you on opening a new savings account.

Shape

FREQUENTLY ASKED QUESTIONS

The current prevailing rares are updated in the table above

Fill in the deduction change advice form available in all our branches or download from the Stima Sacco website.
• Submit the filled in form to your nearest branch or scan the form and send to customercare@stima-
sacco.com for the change to be

effected.

Fill in the standing order placement form to place or amend an existing standing
order and submit to your nearest branch.
• How long it takes to update standing orders?
One day.
• Standing order charges.
The fee for placing an external standing order is Kes 300/= There is no charge for placing an internal standing order.

remittance options

A.

  • Customer downloads app pesadirect or visits www.pesadirect.com
  • https://play.google.com/store/apps/details?id=com.pesadirect.app
  • https://apps.apple.com/us/app/pesadirect/id1544980130
  • After installing the app, enter the amount to Send and click “continue”
  • Click “Sign Up” or login if you had previously registered on Pesadirect.com
  • Sign up as a new user
  • Select Receive Method as “Bank or Sacco Deposit”. Click “Add new Bank or Sacco”
  • Select Stima Sacco from the list
  • Enter your Stima Sacco Account Number 802*******00, and click “Add Bank or Sacco”
  • Add your method of payment (Debit Card preferred)
  • Review order information, and if OK, click “confirm”
  • Your Transaction is Complete! You may download the receipt for your records

B.

Bank details to use

  • Account name: Stima Sacco Society
  • Account number: 01120069062600
  • Bank: Cooperative Bank
  • Branch: Stima Plaza Branch
  • Swift Code: KCOOKENA
  • Branch Code: 11035

C.

Members with mpesa access can send directly using the Paybill options below.

Deposit using Mpesa

  • You need to be an M-PESA registered customer
  • Go to M-PESA on your phone menu
  • Select Payment Services/ Lipa na M-Pesa
  • Select Pay Bill Enter 823244

For Monthly Deposit, enter 802xxxxxxx00, where xxxxxxx is your member number.

For shares Capital, enter 800xxxxxxx00, where xxxxxxx is your Member number.

For Deposit into Prime a/c enter 801xxxxxxx00, where xxxxxxx is your member number.

NB: Your membership number ought to be seven digits.

  • Enter the amount you wish to pay
  • Enter your M-PESA PIN, confirm details are correct and press OK