- Earn a competitive interest rate p.a. depending on amount saved and period of investment. See the interest matrix below.
- The interest rate is fixed and guaranteed for the term of the investment, so you don’t have to worry about declining interest rates.
- You can invest as little as KES 50,000.
- Flexible investment periods to choose from 3 months and 12 months.
- No administration fees will be charged.
- Receive a free advice slip through your email address upon maturity.
- The principal and interest earned is with-drawable upon maturity of contract.
- The principal and interest can be rolled over on maturity.
- Investing your money in Corniche Term deposit is a good move for pursuing short-term & long-term goals and for generating retirement income as it guarantees a steady stream of income.
- Interest forfeiture if you break the contract before maturity. In addition a member will be charged 1% of invested value as admin fee. 1 week notice will be required
- Corniche term deposit can be transferred to Sacco Main savings and the member can qualify for a loan of up to three times so long they have been making minimum contributions to Main savings. A grace period of 1 Month is mandatory
- Interest earned will be prorated as per below matrix;