This is a high interest earning account for achieving long term savings goals such as building projects, land acquisition, raising capital for business start-ups, fixed asset acquisition etc.
- Targets SACCOs, Cooperative Unions,
- Societies, Associations, Investment Clubs etc.
- No minimum balance
- Option for savings held to be used as collateral
- Free quarterly statements
- Option for automatic savings utilizing standing order instructions
What you need to get started:
- Referee – known bank customer (Atleast 6 months with HFB)/letter from employer/Letter from Law firm/ LC 1 Letter
- 3 coloured passport size photos
- Fully completed Account opening form(s)
- Utility bills/LC 1 Letter/ Physical visit with map drawn describing the residential address drawn by bank staff
- Copies of valid identification of signatories (Employee IDs/Passport, Driving Permit/Voter’s Card)