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 | 11.00% | 11.50% |
| 500,001-1,000,000 | 11.50% | 12.00% |
| 1,000,001-3,000,000 | 12.00% | 12.50% |
| > 3,000,001 | 12.50% | 13.00% |
The completed forms should be sent to sic@safaricom.co.ke
