Qualifications

- Non refundable registration fees of Ksh 500/=
- The minimum operating balance is Ksh 1,000/=
- Minimum monthly contribution is Ksh 1000/=can be effected via check off, direct deposit, M-pesa pay bill and standing order. Lumpsum payment also accepted
- Withdrawable once annually by giving 14 working days written notice
- The minimum interest earning deposit is Ksh 5,000/= payable at the market rate
- No ledger fees
- The account can be used to secure loans at 70% on its owner’s account. In the event the withdrawable savings are used as collateral, the account can only be withdrawn after full repayment of the loan.
- When a withdrawal is done before the maturity of the minimum investment period, the member shall forfeit the interest on saving

The Ark Withdraw-able Account