Savings | Stima DT Sacco

Savings Accounts

This is a portion of member`s equity in the Sacco

Account Features

• Individuals Kes. 25,000 min.
• Groups Kes. 25,000 min.
• Corporate Kes. 50,000 min.
• Earns Dividends annually
• Dividends shall be automatically capitalized for any member holding less than the Minimum Share Capital
• Non Refundable (Can only be transferred to an existing member) ALPHA

Continuous monthly savings by members

Account Features

This is a Transactional account like a bank’s current account.

Account Features

Allow salary processing, cheque clearing, loan, External & Internal transfers
No ledger fees or monthly charges · Minimum Kes 500
Amounts above Kes.15,000/- Earns an interest of 2%
Maximum of Kes. 400,000- per day over the counter
Funds access channels includes; SACCO LINK ATMs, Stima Sacco check book and Mobile banking
Statements can be viewed online via the web portal
Dormancy after 6 months

Saving plan for children to help members accumulate savings for paying school fees

Account Features

Minimum monthly savings of Kes. 500/-
Account minimum balance of Kes.500/-
Contract term between 5 – 18 Years
Projected savings insured against the principle member death and permanent disability
• After 3 years member qualifies for a self-guarantee school fees loan of up to 75% of the Msingi bora savings
• Interest of 5% p.a. paid at the end of the contract
• Premature termination of the contract;
Forfeiting the interest earned and pay 2% early withdrawal charges
Refund all premiums paid to the insurance
Dormancy after 6 months

Children short term savings

Account Features

Minimum monthly savings of kes. 500/-
Minimum account balance Kes 500/-
Withdrawal can be done once after every 4 months
• Early withdrawal charges: 500/- for amounts less than 10,000
5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser
Not to be considered when the amount is being utilised to pay off an outstanding loan.
Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account.
No ledger fees or monthly charges · Minimum monthly balance 500/- · Dormancy after 6 months

This is a portion of member`s equity in the Sacco

Account Features

Minimum monthly savings Kes.1000/-
Balance above 6,000/- earn interest of 3% p.a
No monthly charges
First withdrawal can be done after 6 months, after which can be made every 3 months
Early withdrawal charges are as follows; 500/- for amounts less than 10,000.
5% for amounts greater than 10,000/ or capped at 2000/- whichever is lesser.
Not to be considered when the amount is being utilised to pay off an outstanding loan.
Not to be considered when the amount is being transferred internally to any of the members Savings Account with the exemption of Prime Account.
Minimum monthly balance 500/-
Dormancy after 6 months

latest FDR rates as at Quater 1 2019

Fixed Deposit Rates Table