Ordinary (Current) Account

Ordinary (Current Account) Account

This is a savings account that is withdrawable at any time and the member can use it for transactions or for savings purpose.

Features

  • No minimum operating balance
  • Accept cash deposits or cheques
  • Make deposits directly using Paybill Number 238447
  • Members can process their salaries, business payments or any other payment

Benefits

  • Withdrawals can be made through mobile application, USSD code *882# or over the counter
  • No hidden charges
  • No ledger fee
  • Free deposit payments

Fixed Deposit

Fixed Deposit

Durations of 3, 6, 9, and 12 months

Features

  • Fix your deposit and earn attractive interest for amounts as low as Kshs. 10,000
  • Interest Rate up to 13% per annum
  • You can fix your deposit directly from the Okolea App or USSD *882#
  • Automatic payout on maturity of the fixed period
  • Fast and easy process plus the more you save the more you earn

SME’S Business Current account

SME’S Business Current account

This is a transactional account for members currently running businesses

Features

  • Minimum operating balance of Kshs. 2,000
  • Access to a cheque book
  • Easy internal cash transfers
  • Unlimited deposits through paybill number 238447 or mobile app or over the counter

Benefits

  • Access to business loans of upto Kshs. 10,000,000
  • Benefit from unsecured business loan

52 Week Saving Challenge

52 Week Saving Challenge

Features

  • Full amount is withdrawable at the end of the year
  • Minimum weekly contribution of atleast + 50/-
  • Zero cost on operating the account

FOSA Advance Loan

FOSA Advance Loan

Features

  • Attractive interest rate
  • Access to quick cash
  • Repayment period upto 3 months
  • Unlimited deposits and withdrawals

FOSA BIZNA

FOSA BIZNA

Features

  • Minimum share capital: Kshs. 1,000
  • Business account book balance: Kshs. 2,000
  • Minimum loan limit: Kshs. 5,000
  • Maximum loan limit: Kshs. 500,000
  • Minimum monthly share deposit of atleast 1,000