FOSA Savings Accounts

 FOSA Jumbo Savings Account

1. The account creates an avenue for a member to access several services in FOSA e.g. E.F.T, Salary Processing, Dividends Payments, Sacco Loans, Banker's Cheques e.t.c
2. Savings account shall be maintained at a minimum balance of Kshs. 1,000.00
3. Funds are accessible through Mobile Banking M-Pesa platform, Co-op Agency, Co-operative Bank ATMs and Visa branded ATMs.
4. Minimum balance to earn a competitive interest rate is at Kshs. 3,000.00
5. The account is similar to a current account in a Bank but this earns interest annually.

Tausi Savings Account

1. Minimum monthly savings is at Kshs. 500.00.
2. This account will be used to advance Tausi Loan at a Multiplier of 6 times the Tausi Savings amount.
3. A competitive interest rate is paid on annual basis.

Junior Akiba

1. The account will enable one accumulate savings for a child/children under the age of 18.
2. The account will be operated by the child’s sponsor.
3. Minimum savings will be Kshs. 300 through checkoff, Mobile Banking MPesa platform, standing orders and also over the counter withdrawals.
4. A competitive interest rate is payable on annual basis.
5. Interest will be credited to the account on a monthly basis at a rate of 4% per annum.
6. A bonus of 2% interest will be credited to the account at the end of the year if there will be no withdrawals from the account during the year.

Mustard Savings Account

1. For restful time when out of gainful employment, plant a mustard seed today.
2. The account gives an additional facility to save for your retirement at a minimum of Kshs. 300 per month contribution through check-off, standing order e.t.c.
3. The account attracts a competitive interest rate of 10% p.a. payable on annual basis.

Call Deposit Account

1. This account allows you to maximize returns while you wait to utilize your money.
2. With minimum opening balance of Kshs.10,000 which attracts a competitive interest rate at a mimimum of 6% p.a. payable on monthly basis.

Pamoja Savings Account

This account is for Chama and Registered groups

    Features/Benefits:

1. At least one member of the group should be a member of NSSF Sacco.
2. Minutes of the group meeting authorizing the officials to open the chama account.
3. The group name should be registered following the government registration process.
4. Minimum interest earning balance is Kshs. 20,000
5. The account has no monthly charges.

Johari Holiday Savings account

1. The account has no monthly charges.
2. It has no minimum balance.
3. Purpose of the account is to save for a holiday trip organized by the Sacco annually at subsidized rates.