Walletally’s Best Savings Accounts of 2016

Access to loan feature

Jijenge Account

With the Jijenge Account, you can set aside money from your account regularly to help achieve your goals.

Features

1. Account opening balance of Kshs 300.

2. Minimum monthly contribution of Kshs. 300 per month.

3. No partial withdrawal. Minimum operating lock period of six months.

Benefits

1. Easy to open and affordable

2. No ledger fees

3. Free standing order

4. Convenient: one can access the account through our branches countrywide.

5. Flexible: Determine your saving period from six months onwards.

6. It encourages disciplined savings that can allow saving of small fixed amounts to build a lump sum.

7. Access to instant emergency loans of up to 90% of savings at lower rates.

No Monthly Maintenance fee

La Riba Al Hadaf Account

Overview

Free monthly deposits and No Monthly Maintenance fee. The account is ideal for saving for future goals e.g. Hajj,Umrah, Ramadan, marriage etc. Account holders get discounted Foreign exchange when going for Hajj and Umrah

Features & Benefits

1. Minimum operating & opening balance Kshs. 1,000.

2. No cheque book is issued on the account.

3. No Debit card issued on the account.

4. Free Deposits into the account.

5. No Monthly Maintenance fee.

6. 1 free withdrawal per month.

7. Fee of Kshs. 200 will be charged on the transactions exceeding the allowed limit of 1 withdrawal per month.

8. Free standing orders into the account

No Opening Balance

Hekima Savings Account

FEATURES

1. Minimum opening balance - Nil

2. Minimum operating balance - Nil

3. Monthly maintenance fee – Free

4. Interest calculated daily on credit balances and paid quarterly

5. Permits only one withdrawal per calendar quarter

6. Regular statements every 6 months

7. No ATM card / Debit Card.

ACCOUNT OPENING REQUIREMENTS

Identity ID card or passport-original and copy