Maisha Holiday Account designed to offer members a savings facility towards a vacation plan and reduce loan burden on members for purposes of holiday and festive celebrations.
Features
- No minimum Account operating balance.
- Minimum Monthly contributions of ksh.2,000
- Allows for two free withdrawals per year
- Interest rate per annum at 6.5% (same as MIP Interest rate) for balances above ksh.5,000
- Withdrawals exceeding 2 times per year leads to forfeiture of interest earned during the period.
- No ledger fees charged on this account.
- Member can access 90% self guarantee loan on the Holiday savings under lien.(1 Year Period)
- Deposits through paybill, EFT and over the counter