Fosa Savings Products

Current/Deposit A/C

1. Members can deposit and withdraw on demand.
2. Shs 100 is charged on withdrawals.
3. Overdraft services.

Fosa Shares A/C

Stakes that enable members to become shareholders.

1. Minimum shares to be purchased are 10.
2. Each share is Ksh 500.
3. Dividends are earned yearly.

Smart Savers A/C

1. Is a savings product that earns interest.
2. Withdrawals are limited to once per three months(quarterly).
3. Has no account maintenance fees.

Fixed deposit Account

1. Minimum amount of Shs 50,000.
2. Minimum of 3 months & above.
3. Negotiable interest rate.

Call Deposit Account

Similar to fixed deposits but the account holder can Withdraw on notice (min 7 days notice)

Junior Star Account

An account meant for young kids below the age of 18 years.

1. Account opening fee of Ksh 500.
2. Competitive interest rates payable to accounts holding a  minimum balance of Ksh 5000.
3. Free bank statement every 3 months upon request.
4. Free standing orders from parents/guardians A/C.
5. Withdrawal fee of ksh 100 (must be over the counter) and done quarterly.
6. Mobile banking services while depositing ONLY.
7. Free bankers cheque for school fees payment.
8. Cannot access loans until the account holder is 18 years and above.  

Opening Requirements

For the child

1. Original & Copy of birth certificate.
2. Passport photo.

For the Parent/Guardian

1. Original & Copy of ID or valid passport.
2. Passport photo.