The Savings Account is a withdrawable deposit account that members use as a transaction account and can also be used for savings purposes. The account caters for members' regular transactions salaries, loans, Dividend, Dairy, Tea, Sugar and Coffee processing; cash and cheque deposits; electronic funds transfers; standing orders etc.
The account operates as follows:-
a. The account minimum balance is Ksh.500
b. The minimum interest earning balance is Kshs. 2,000
c. Interest is calculated monthly and credited at the end of every year at competitive market rates.
d. The Fosa Account holders are eligible for ATM card.
e. The Fosa Account holders are eligible for M-IMARISHA services.
f. The account attracts no maintenance fees.