HomeBlogsPepea fixed deposit account

Terms and conditions

  • This is a product for Safaricom Investment Cooperative members only
  • Minimum amount is KES 50,000
  • Mode of payment is one-off lump sum payment.
  • If you withdraw before maturity, you will lose all interest accrued.No fee will be charged for withdrawing before maturity.
  • The principal is payable back together with Interest upon maturity
  • Forms to be submitted with a copy of your Passport photo, PIN and ID
  • Upon Maturity, refund to be effected within 10 days of notice issue
  • Interest is payable subject to 15% withholding tax.

Interest rates

Amount 6 Months 7-12 Months
 50,000-500,000 10.50% 11.00%
 500,001-1,000,000 11.50% 12.00%
1,000,001-3,000,000  11.50% 12.50% 
> 3,000,001  12.00% 12.50%



The completed forms should be sent to sic@safaricom.co.ke



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