Share Deposit Savings Account

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

Share Capital Account

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Features

  • Share Capital of Kshs. 20,000 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

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

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