Collective Savings Account

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)

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