Jaza Jaza Account (Recurring Deposit)

This account product is designed for individuals to save a fixed amount for a pre-determined period to meet expenses for  a holiday, wedding, school/college fees, purchase of land or any other asset.

Salient Features:

– Minimum subscription Kshs 1,000.00 and subsequent installments in multiples of ‘000s

– Attractive interest rate

– Free Internal standing instructions from existing accounts towards installments effected free of charge

– Free half-yearly statements

– Free banker’s cheque, EFT or internal transfer of deposit upon maturity

– Loan facility up to 90% on the principal outstanding amount

– Prepayment with penalty of 1% on the interest payable for the period run

– Surcharge per month for late payment or non-payment of monthly installments (Terms apply)

– No cheque book

– No ATM card

– No ledger fee