Savings & Deposit Products
Naine Micro Savers Account
Without any monthly fees, EFC Naine Micro Savers Account aims at offering services to micro savers such as low wage earners, marketeers, members of associations or cooperatives and other micro-enterprises.
Benefits
- You decide how much you want to put aside and for how long.
- Enhanced interest rates enables you reach your goal faster.
- Low installment requirement – put away as little as K100 per month.
- Installments are automated for your convenience and help you develop a regular savings habit.
- Zero maintenance charges so that you can grow your money.
Terms
- Unlimited withdrawals.
- K50 account minimum balance.
- No charges and no interest rates.
Regular Savings Account
EFC Regular Savings Account is a simple and convenient way to manage your daily business transactions. With unlimited deposits and withdrawals, it is the perfect account for dynamic entrepreneurs looking to grow their business.
Benefits
- Unlimited withdrawals and deposits.
- K50 account minimum book balance.
- 2% annual interest on average monthly savings of K2,000 payable monthly.
- Required for all loan clients.
Terms
- Unlimited withdrawals and deposits.
- K50 opening and book balance.
- 2% annual interest on average monthly savings of K2,000 payable monthly.
- Comes with a smart card.
- Required for all loan clients.
Premium Savings Account
By offering a high interest rate, the EFC Premium Savings Account can help you save towards a specific objective such as business capital, education, home improvement or any other project.
Benefits
- You decide how much you want to put aside and for how long.
- Enhanced interest rates enable you to reach your goal faster.
- Low installment requirement – put away as little as K100 per month.
- Installments are automated for your convenience and help you develop a regular savings habit.
- Zero maintenance charges so you can grow your money.
Terms
- K200 minimum book balance.
- 6% annual interest payable monthly.
- Restriction of one withdraw per month.
- No account maintenance fees.
Term Deposits
EFC Term Deposit is a simple way to earn superior financial returns for savers and investors with a long-term investment horizon. Call your nearest branch to get more information. Term Deposit Account pays out competitive interest rate to savers and investors looking for superior financial returns.
Benefits
- No charges or administration fees.
- Flexible terms – we offer guaranteed rates of return, from one month to two years.
- An effective alternative for long term investments for both individuals and corporates.
- Fixed interest rates – a guaranteed return for the length of your deposit.
- No maximum balance – there are no upper limits on how much you can hold on deposit.
Terms
- No charges or administration fees.
- Fixed interest rates – a guaranteed return for the length of your deposit.
- No maximum balance – there are no upper limits on how much you can hold on deposit.
- Flexible terms – we offer guaranteed rates of return, from one month to two years.
- An effective alternative for long term investments for both individuals and corporates.
- The minimum duration is one month.
- The minimum balance is K2,000.
