The Corniche Term Deposit is a fixed income investment designed to give you guaranteed and competitive return on your money. It offers flexible investment periods and earns you interest, which you are then paid together with the principal amount invested upon maturity.
- 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.
- Automatic refund of both principal and interest earned
The member will automatically receive both the principal and interest earned upon expiration of the investment term, from the Sacco. The monies will normally be transferred to member’s Kenyan bank account of choice. Members are thus encouraged to open a bank account in Kenya to be used for this purpose.