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Safaricom Investment Cooperative is one of the best Sacco to save money with in Kenya. The Sacco offers interest of 10% to 12% per year. In case you save Ksh 3 million, you will earn Ksh 300,000 per year. Minimum deposit amount is Ksh 50,000.
Terms And Conditions of the fixed deposit account
- 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 | 10.00% | 10.50% |
| 500,001-1,000,000 | 10.50% | 11.00% |
| 1,000,001-3,000,000 | 11.00% | 11.50% |
| > 3,000,001 | 11.50% | 12.00% |
Join the Sacco and start saving your money.
Dividend Summary of the Sacco
2018 15%
2017 18%
2016 21%
2015 25%
2014 25%
2013 27%
2012 28%
Safaricom Investment Cooperative contacts
In case you wish to inquire about something from the cooperative, contact them via these details:
Location
P.O. Box: 66827 – 00800, Westlands
SIC Head Office 7th floor, Westcom Point Building, Opposite Safaricom HQ,
Westlands, Nairobi, Kenya
Telephone
For General Enquiries
Email: info@sic.co.ke, Call: 0709 194 100/1
For Membership/Shares Enquiries:
Email: sicshares@safaricom.co.ke, Call: 0709 194 100/1
For Sales Enquiries
Call: 0729-121212
How to join Safaricom Investment Cooperative
Individual Registration Requirements
ID
KRA PIN Certificate
Passport Photo
Payment of Ksh 36,250 or a minimum deposit of Ksh 10,000
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