Saving Products – NRS Sacco

Share Deposit Savings Account

This is a savings account that is used to borrow both short term and long term loans

Features

Minimum monthly deposit of Kshs. 1,000
Active members earn rebates annually
Qualifies members for loans of up to x of their deposit
Can fund the account through paybill, over the counter or internal transfer from ordinary account

Share Capital Account

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Features

Share Capital of Kshs. 13,000 to become a full member
Become a full member of the Sacco
Attractive dividends paid per annumn
Can fund the account through paybill, over the counter or internal transfer from ordinary 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.

Featres

No minimum operating balance
Accept cash deposits or cheques
Make payment 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

Young Achiever’s children account

Featres

Parents must be an active NRS Sacco member
Child must be below 18 years of age
Minimum opening balance of Kshs. 500
Monthly contribution of Kshs. 500 every month
Limited withdrawals i.e. 3 times per year

Benefits

Attractive interest rate for deposits from Kshs. 5,000
Unlimited free deposits
3 Free school bankers cheque per year
Savings can be used as collateral for securing school fees loan
Free birthday card
Annual Fun day