- This amount is contributed by a member to determine borrowing power from Sacco.
- Also known as Share Deposits for BOSA, FOSA Premium Savings for FOSA and Group Premium savings for GROUPS/ MSCA members.
- Minimum monthly deposit is Ksh 3,000 (BOSA), 2000 (FOSA) & 1,200 (MScA).
- Higher deposits give you a higher borrowing power.
- Used as security against your loan and those you guarantee.
- Earn rebates/interests.
- Refundable upon termination of membership as per the SAcco By-laws.
Long Term Deposit / Share Deposit
Posted in SAVINGS ACCOUNTS