When joining a Sacco in Kenya, look at the interest rate for the fixed deposit account. Normally, interest should be at least 8% per year. Below we list the best Saccos to join with highest interest rates in Kenya:
Amref Sacco
Fixed Deposit Account
The minimum amount to invest is Ksh50,000.
Key Features
- Flexible Tenures: Whether you’re planning a short-term goal or a long-term dream. Choose from 3 to 12 months
- Peace of Mind: Your principal amount is safe and sound, earning interest while you focus on what matters most.
- Roll-Over Option: When your tenure ends, you can seamlessly roll over your principal and interest into a new period.
- Guaranteed interest rate: Revised rates per annum (see table below)
| Tenure | Less than 500,000 |
500,000 to 999,999 |
1,000,000 to 1,999,999 |
2,000,000 to 4,999,999 |
5,000,000 to 9,999,999 |
10M and · above |
| 3 ·Months | 8.00% | 8.25% | 8.50% | 8.75% | 9.00% | 9.25% |
| 6 ·Months | 8.00% | 8.50% | 8.75% | 9.00% | 9.25% | 10.00% |
| 9- Months | 8.00% | 8.75% | 9.00% | 9.25% | 9.50% | 11.00% |
| 12- Months | 8.25% | 8.75% | 9.25% | 9.50% | 10.00% | 12.00% |
| Call deposit | 6.00% | 6.25% | 6.50% | 6.75% | 7.00% | 7.50% |
Univision Sacco
Fixed Deposit Account
Account Features
Minimum amount of Kshs. 50,000
Interest rates varying from 8% p.a to 13% p.a
Minimum period to earn interest is 3 months, 6 months, 9 months and 12 months
Withholding tax of 15% statutory requirement
If you earn 13% per year and your saving is Ksh1,000,000, you are sure of taking home Ksh 130,000 per year.
Kenya Highlands Sacco
Fixed Deposit Account
This account allows members to deposit their cash for a fixed period/Term so as to earn interest. Minimum amount is 20,000/=
Interest ranges between 7% and 14% per year.
UN DT Sacco
Fixed Deposit Account
Features
This account is suitable for saving funds for a predetermined future need or speculation
It earns attractive returns
Minimum saving period of 3 months while maximum is 12 months
Interest is calculated daily and credited at the maturity of the contract period
Accrued interest is forfeited if you withdraw the funds prematurely before the maturity date
You will be issued with a Certificate of Deposit upon depositing the money
Upon maturity you can rollover the principal together with the interest, or collect interest and rollover the principal, or collect both principal and interest
Interest is between 6.5% and 15% per year
Tower Sacco
Fixed Deposit Account
- Minimum start up amount of Kshs.20,000
- Contract period is 3 months, 6 months, 9 months and 12 months.
- Competitive interest rates above market rates.
No notice required to withdraw the fixed amount before or after maturity date.
Interest is between 7% and 13% per year
Kenya Police Sacco
Fixed Deposit Account
FIXED DEPOSIT ACCOUNT INTEREST RATES
| AMOUNT | CALL | 3 MONTHS | 6 MONTHS | 12 MONTHS | ||
| 10,000.00 | – 49,999.00 | 5.0% P.a | 5.5% P.a | 6.5% P.a | 7.0% P.a | |
| 50,000.00 | – 199,999.00 | 6.0% P.a | 6.5% P.a | 7.0% P.a | 7.5% P.a | |
| 200,000.00 | – 499,999.00 | 7.0% P.a | 7.5% P.a | 8.0% P.a | 8.5% P.a | |
| 500,000.00 | – 999,999.00 | 8.0% P.a | 8.5% P.a | 9.0% P.a | 9.5% P.a | |
| 1M ———-4,999,999.00 | 9.0% P.a | 9.5% P.a | 10.50% p.a | 11% P.a | ||
| 5M-9,999,999.00 | 10.0% P.a | 11.0% P.a | 11.50% P.a | |||
| 10M & ABOVE | 10.5% P.a | 11.50%P.a | 12.0% P.a | |||
Nation Sacco
Fixed Deposit Account
Save with Nation DT Sacco Fixed Deposit Account. Enjoy fixed interest rates, flexible tenures, and guaranteed returns on your investment.
- Deposit amount is fixed during the investment period.
- Interest rate is fixed during the investment period.
- Funds are available on maturity.
- Minimum period for fixing is 3 months.
- Minimum investment amount is Kshs 50,000 with no maximum investment limit.
- Interest is forfeited upon early withdrawal of the principal amount.
- Interest income is subject to a 15% withholding tax.
Interest is between 8% and 12% per year
Waumini Sacco
Fixed Deposit Account
Features
- Minimum start up deposit from as low as Kshs. 1,000.
- Minimum interest crediting period of 3 months.
- Very attractive interest rates.
- Open to re-investment at revised rates
- Can be used to secure Fosa Loan
Interest:8% to 13% per year
Trans Nation Sacco
Fixed Deposit Account
This is an account designed to enable the society members to save their chunks of money for investment or planning purposes for limited period thus fulfilling their need as well as keeping their savings secure. The longer the term the higher the interest that will be paid on the FD.
Requirement
1) Must be a society member.
2) Photocopy of ID card.
3) Dull filled and signed form.
Other attributes to fixed account
1. Minimum fixed amount of Ksh. 5,000.
2. Minimum fixed period of one month.
3. If one withdraws before the agreed period lapses, one looses the right of earning the agreed interest.
Interest Rate:7.5% to 14% per year
Stima Sacco
| SAVINGS ACCOUNT | FEATURES |
| Fixed Deposit Account | • Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for a specified periods of time usually between three to twelve months. • The account targets members who wish to put aside funds for investment, and they are certain of the period that they can commit the funds. • Minimum deposit amount is Kes.5,000. • Funds can be fixed either for 3, 6 or 12 months. • Interest is computed daily and credited at the maturity of the contract period subject to a withholding tax of 5%. • Accrued interest is forfeited if a depositor withdraws the funds before maturity date. • The customer is issued with a Certificate of Deposit upon depositing the money. • The Certificate of Deposit details the amount deposited, date deposited, interest rate applicable, contract period and the maturity date. • Upon maturity the depositor can rollover the principal together with the interest or collect interest and rollover the principal or collect both principal and interest. |
| Call Deposit Account | • Funds can be recalled anytime without losing Interest. • Guaranteed return on Investment. • Minimum is Kes 5,000. |
| Golden Savings Account | •This is an investment option account that guarantees a minimum return monthly subject to the amount invested. • Amounts fixed for a period of 1 year. • Minimum Deposit is Kes.5,000. • Monthly returns can be wired to the beneficiaries upon request |
Interest Rate:6% to 13% per year
Ndege Chai Sacco
Fixed Deposit Account
Members with liquid cash which they do not intend to use in the near future or have money for a long term project are encouraged to fix it in this account to earn an attractive interest instead of keeping it idle.
- Minimum interest earning deposit Ksh 20,000 for 6 months
- Negotiable and attractive interest rates,
- No ledger fees,
- May be used as security against FOSA loans,
- Free internal standing order on maturity.
Interest Rate:7% to 14% per year
Sheria Sacco
Fixed Deposit Account
Features
- Minimum amount for fixing is Kshs.10,000
- No monthly fees charged
- Interest calculated and paid on maturity
- Access to overdraft equivalent to 80% of the balance in the fixed deposit account
- Interest on the overdraft equivalent to the rate of the amount fixed.
- Fixed deposit certificate will be issued upon placement
Interest Rate:6.5% to 13% per year
Solution Sacco
Fixed Deposit Account
Features:
- Minimum Interest earning deposit is Kshs. 50,000 for a minimum duration of 3 months.
- Interest is earned upon maturity of contract.
Requirements:
- Age – 18 years and above.
- Be a member of Solution SACCO.
- Passport size photo of yourself taken within the last 3 months.
- National ID card copy (both sides).
- Have your signature specimen captured.
Interest Rate:6% to 12% per year
Yetu Sacco
Akiba Account( Fixed Deposit)
This is a contractual account designed to embrace those with a passion to invest in finance.
Features:
- Accepts fixed deposits
- No withdrawals before lapse of agreed period or interest is forfeited
Benefits:
- Best interest rates
- Has a renewable contract
- Interest rates payable upon maturity
- Negotiable Interest rates
If you negotiate well,they will give you interest of up to 13% per year
Tai Sacco
FIXED DEPOSIT ACCOUNT
Features.
- This account period is 3,6,9 or 12 months
- Minimum deposit is Kshs. 20,000
- Attractive interest earning.
Benefits
- Competitive interest rates for the period the money is held in the account.
- Short term investment Plan, ranging between 1 to 12 months.
- Get to enjoy risk free returns on your your fixed savings deposit investment.
Interest rate is between 7% and 12% per year
Hazina Sacco
Fixed Deposit Account
- Minimum Deposit Ksh.20, 000
- Minimum deposits period three (3) months
- Interest rates negotiable which vary with amount and period
Interest is from 6% to 14% annually
Bingwa Sacco
Fixed Deposits
Features
- No monthly management fee is charged, which means your savings do not get depleted by bank charges
- There is no maximum balance.
- Funds are available on maturity
- The deposit amount is fixed during the investment period
- The interest rate remains constant during the investment period, and is paid on maturity
- Fixed investment periods range from 90 days up to 1 year extendable on request upto 5 years
BENEFITS
- Access to personal loans with the balance in the Fixed Deposit Account as security.
- Start saving with us from as low as KES 20,000
- Attractive returns with complete security and competitive interest rates.
- You can reinvest your intrest on maturity
Requirements
- Be a member of the Sacco
- Have funds in your savings/business/group account
- We will atach a fixed deposit account to the provided account on fully filled and signed fixed deposit form
- Get your Fixed deposit certificate
Interest is between 6.5% and 13.5% per year
Telepost Sacco
Fixed Deposit Account
Features and Benefits
- Product is available to all members
- No maximum limit
- Minimum interest earning balance ksh. 50,000
- Open for re-investment upon maturity
- Earns interest upon maturity
- No monthly deposits
- Attractive interest rates
Interest is between 7.5% and 12% per year depending on the amount to save in the account.
NSSF Sacco
Fixed Deposits
Fixed Deposit accounts are available with the minimum amount to fix from Kshs. 50,000. Duration to maturity of the fixed funds vary from 91days,182 days and 365 days. Interest rates are negotiable and competitive according to the amount of funds to be fixed and runs up to 11% p.a.
Unison Sacco
Fixed Deposit
Fixed Deposit
FIXED DEPOSIT RATES
| Amount/Period | 3 months | 6 months | 9 months | 12 months |
| 3,000 – 200,000 | 8% | 8.25% | 8.50% | 8.75% |
| 200,000 – 500,000 | 8.75% | 9% | 9.25% | 9.50% |
| 500,000 – 1,000,000 | 9.50% | 9.75% | 10% | 10.25% |
| 1,000,000 – 3,000,000 | 10.25% | 10.50% | 10.75% | 11% |
| 3,000,000 & Above | 11.1% |
Boresha Sacco
Fixed Deposit Account
- Any amount above Ksh.20,000/= can be fixed
- No ledger fees, No transactional charges.
- Fixed Deposit Certificate issued, which can be used as lien for loans and Advances
- Revoking of FDR before maturity leads to loss of interest.
- Interest Rates range from 10% -12% depending on Amount Fixed.
Wakulima Sacco
Fixed Deposit Account
Features of Wakulima Fixed Deposit Account.
- Minimum Kshs 10,000 for at least 3 Months.
- Negotiable Interest Rates.
- Can be used as security for short term loan.
- No ledger fee.
Requirement for opening a Fixed Deposit Account.
- Duly filled Account Opening Form.
- A copy of Identification Document.
- Kshs 200 Account Activation fee.
- A copy of KRA PIN
Interest Rate is from 6% to 12% per year
Ardhi Sacco
Fixed Deposit Account
Features
Used for long-term investments at reasonable returns
- Deposit terms are three, six, nine and twelve months and are renewable.
- Interest payable at maturity.
You can save as little as Ksh20,000 and the interest rate is from 6.5 % to 13% per year.
Kenya USA Diaspora Sacco
Mavuno Term Deposit Investment
How will you benefit from Mavuno Term Deposit account?
- Earn a competitive interest rate of 5% p.a. – 9% p.a. depending on amount saved and period of investment. See the interest matrix below.
- The interest rate is fixed and guaranteed for the term of the investment, so you don’t have to worry about declining interest rates.
- You can invest as little as KES 50,000.
- Flexible investment periods to choose from; 3 months, 6 months or 12 months.
- No administration fees will be charged.
- Receive a free advice slip through your email address upon maturity.
- The principal and interest earned is with-drawable upon maturity of contract.
- The principal and interest can be rolled over on maturity.
- Investing your money in Mavuno Term deposit is a good move for pursuing short-term & long-term goals and for generating retirement income as it guarantees a steady stream of income.
Mavuno Term Deposit Product Features:
- A member can have more than one Mavuno term deposit account.
- A member may use any of mavuno term deposit as a loan security.
- Interest forfeiture if you break the contract before maturity.
- Mavuno deposits cannot be used for loan entitlement.
- Mavuno term deposit can be transferred to Sacco Main savings and the member immediately qualifies for a loan of up to four times so long they have been making minimum contributions to Main savings.
- Competitive Interest Rates
| Principal Savings | 3 Months Interest Earned | 6 Months Interest Earned | 1 Year Interest Earned |
| Between KES 50,000 to 1,000,000 | 5% p.a. | 6% p.a. | 7% p.a. |
| Between KES 1,000,001 to 5,000,000 | 6% p.a. | 7% p.a. | 8% p.a. |
| Above KES 5,000,001 | 7% p.a. | 8% p.a. | 9% p.a. |
Where will the Sacco invest your Mavuno Term Deposit money?
Mavuno term deposit will be invested in securities and financial instruments that guarantee safety, liquidity and return on investment. For this reason the Sacco investment options will be limited to:
- Government Treasury Bills – 91, 182 and 364 days bills
- Government one year Bonds
- Money market fund – which offers a guaranteed indemnity cover.
- Fixed deposit accounts in banking institutions licensed under banking Act.
Kimisitu Sacco
Wekeza Fixed Deposit Account
A withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between three to twelve months. The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds.
Product Features:
- Fixed for a specific period of time
- Minimum Ksh.50,000
- Can be used to secure loans at 95%
- Interest on maturity
- Competitive market interest rates
Finnlemm Sacco
Fixed Deposit Account
Finnlemm Sacco Society is pleased to offer its members a chance to “Fix” their hard-earned deposits at an attractive interest rate. Options available while opening this account: –
- You have the option of opening the flexi deposits by filling the forms available on our website. Submit these forms to our offices and let your money work for you.
- The principal as well as the accumulated interest is paid to the customer only upon maturity or premature withdrawal.
- Minimum deposit amount for Cumulative Deposit & Non-Cumulative Deposit
- Minimum investment amount under cumulative scheme is Kshs 10, 000. For cumulative scheme, the annual minimum amount is Kshs 100, 000.
- Deposit any amount and earn up to 12% p.a.
Fortune Sacco
Dhahabu Fixed Deposit Account
This is an investment account that pays very attractive interest rates, aimed at customers with funds to invest for periods of between 1 to 12 months.
All people i.e. individuals, business, companies, groups, churches and organizations are eligible.
Requirements
Requirements for opening a Dhahabu Fixed Deposit FOSA Account
Two coloured passport size photographs
Original and a photocopy of the National Identity Card
Duly completed account opening form
Features & Benefits
» Affordable minimum deposit
» Competitive interest rates
» Premature withdrawal of deposits allowed
» Allows immediate borrowing of up to 80% of the fixed fund at competitive interest rate
Vision Afrika Sacco
Fixed Deposits Account
- 1. Minimum deposit Kshs.3,000.
Minimum period 3 months.
3. Interest rate is on graduating scale
4. Contract honoured after maturity.
5. Members can secure advances at discounted rates.
6. Interest is 8% to 10% depending on the amount.
GDC Sacco
Fixed Deposit Account
Features and Benefits
- Competitive interest rate: Up to 7% per annum.
- Interest earned quarterly: Interest is earned quarterly but paid out annually.
- Monthly basis: You can top up your account on a monthly basis.
- Standing order: Free monthly standing order from your savings account.
Terms
- Minimum deposit / top-up amount of KES 100.
- Amounts are withdrawable once a quarter.
- Interest paid is subject to applicable taxes.