NewForstissacco

Savings Products

Our Savings Products
Member Deposits

This is the monthly deposit made by a member against which they take loans, guarantee loans and earn interest/rebate at the end of the year.


The minimum contribution is KES 1000 per month

Share Capital
  • Maximum contribution of KES 20,000
  • Allows you to gain a shareholder’s certificate
  • Right to vote for area representative.
  • Earns yearly dividend.
  • Mandatory initial contribution of ksh.2,000
  • Shares not refundable but transferable
Fixed; Call/Fixed Deposit
  • Minimum amount is Kshs.30,000
  • Contract period is 3 months, 6 months, 9 months and 12 months.
  • Competitive interest rates above market rates.
  • A customer who wishes to terminate the contract before the contract period ends forfeits the interest earned.
Christmas Account
  • No minimum amount
  • Allows on to save throughout the year and access the money between 20th December to 20th January
Savings Account
  • An account that can be used to process salaries, pension and any other payments.
  • No withdrawal limits.
  • Cheques can be deposited into the account for clearing.
  • Withdrawals can be made via mobile banking or over the counter.
Junior Account

Account tagged under the guardian who must be a member. This account is designed for children who are between birth and 18 years