Savings Accounts

OCB SAVINGS ACCOUNTS

FEATURES OF THE PRODUCT

  • No minimum balance required for normal savings account.
  • Account KShs. 500/=.
  • Attractive Interest rates.
  • No minimum number of withdrawals in a month.
  • No account maintenance fee.
  • Free half yearly statements.
  • Interest credited monthly.

LADIES SPECIAL MULTI BENEFIT ACCOUNT

FEATURES OF THE PRODUCT

  • Minimum amount KShs. 5,000/= and similar amount every month.
  • Account Contract tenure - Minimum 12 months and multiple of 12 months.
  • Account specifically designed for Ladies but gentlemen are permitted to open the account jointly with ladies of any age.
  • Interest will be paid less withholding tax deducted at source on maturity.
  • All the requirements of KYC to be adhered to.
  • During the tenure of the Deposit Contract, the bank may grant overdraft facilities at the request of the client to the extent of 80% of the principal amount.
  • No ledger fees charged

NDOTO JUNIOR ACCOUNTS

FEATURES OF THE PRODUCT

  • Opening Balance KShs. 5,000/=.
  • Minimum balance to earn attractive interest rate of 4 % p.a. will be KShs. 5,000/= and above.
  • Interest calculated on minimum monthly balance and payable quarterly.
  • No maintenance charges.
  • One withdrawal per month.
  • Free quarterly statement.
  • Free monthly standing order from main account to the Junior Account.
  • 3 Free banker's cheques for fees each term.
  • KYC requirements.

SHARE FINANCING SAVINGS ACCOUNT

FEATURES OF THE PRODUCT

  • Minimum balance for Share Financing Savings Account KShs. 10,000/=.
  • The account enables one to purchase shares on NSE quoted stocks and IPOs at three times the balance on the account.
  • The bigger the savings, the bigger the size of loan one qualifies for.