Focus on: Co-operative Bank of Kenya Products

A wise man saves. He who saves takes care of the future. A person with good financial plans consumes what remains after saving and not saving what remains after consuming.

Co-operative Bank of Kenya has a wide range of banking services that are well designed and suited for different categories of customers from the young to old, salaried and self-employed and even to those who don’t work but have money to bank and save.

• Jumbo Junior Account

This is a transactional account designed for children below the age of 18 years for the safe keeping of money. The account entitles one to: free ele-bank on opening new account, free birthday card every anniversary, negotiated discounts on presentation of Jumbo Junior debit card at selected bookshops, uniform distributors and hospitals (Gertrude’s children Hospital) as well as discounted Bank cheques for fees payment for account holders only.

• Co-op Personal Loan

It is a personal loan product targeted at salaried individuals where one gets a minimum amount of 50,000 shillings and a maximum amount 4,000,000 shillings with a maximum term 72 months.

Purposes to be covered include Education, Medical, Furniture & Consumer durables, Motor Vehicles, Plot Purchase, Holiday and Shares. Applications to be appraised using credit scoring and they are appraised within 48 hours.

• Co-op Asset Finance

This is a self-securing loan product for the financing of moveable assets. It offers the great flexibility and helps applicants free up cash by enabling them acquire assets with minimum fuss while paying for the assets in easy monthly rentals. The asset being financed becomes the security

The product is suitable at financing of all types of moveable assets such as laptops, computers, printers, saloon cars, pickups, tractors, prime movers, school buses, generators and even medical equipment as well as financing of both new and second hand assets.

• Executive and High Net-Worth Banking

The Co-op Executive Banking has been designed to offer you customized exclusive financial solutions anchored on the dedicated relationship, world class experience and convenience.

With this account, there is also an executive membership fee of 1,000 shillings and executive plus membership fee of 2,000 shillings and the executive plus customers are automatic members of Co-op Bank Captains Club.

• Current Account

This is a convenient deposit / withdrawal account attract any kind of deposits with this account, one has Cheque Book, a Ledger Fee of only 35 shillings per entry, a monthly maintenance fee of 300 shillings, an operating balance -nil and also statements are issued monthly.

• YEA Access Account

This a special account designed for young adults who are between 18 – 30 years with a minimum opening balance of nil, minimum operating balance is zero, a 550 for the debit card and a discounted bank cheques for fees payment for account holders only.

For more banking products and accounts, visit the Co-operative Bank of Kenya here.