Junior Savings

Terms and conditions

• The registration fee is KES 1000.
• Minimum monthly contribution is KES 500.
• A principal member with this account will enjoy a discount of 5% on the applicable interest on the School fees loan (This applies at clearance stage of the loan).
• The cheque is drawn in the name of the school.
• In case of withdrawal from the SACCO by the principal member, the terms of withdrawal from the SACCO by the member will apply. A member might want to withdraw from the juniour account, this is applicable once per year.

Benefits

• Can be used as a security for loan by the principal member.
• On the attainment of 18 years this account can be converted to main account.
• The junior account will enjoy interest on deposits when they are declared at the end of the financial year.
• EDS branded birthday cards for the child
• EDS branded drop in savings box