Fixed Deposit Account
Fixed deposit · Regulated by the CMA
A fixed deposit. You place a lump sum for a set term and agree a rate with the bank.
Hear when this changes
The details that matter for this kind of plan
- Term options
- 1 to 12 months
- Rate publication
- Bank says 'competitive rate' but does not publish a rate table.
- Breaking early
- If you uplift before maturity, interest is forfeited unless approved.
How to open this
- Open with KES 50,000
What does it cost you?
| Taken off each payment you makeyour deposits. Nothing is taken off the money you pay in — this account's charges are monthly and per transaction, and are listed above | Nothing |
|---|
What if you stop paying?
Not a monthly saver. You put in a lump sum and leave it until maturity.
What if you need the money early?
If you take the money before the end date, you lose the interest unless the bank allows it.
Who this suits
You have at least KES 50,000 and can lock the money for 1 to 12 months.
You might need the cash early or you want to add small amounts over time.
What they tell you
- What is the smallest amount you can start with?KES 50,000.
- Do they say who regulates them?Yes — the CMA. That is who you complain to.
Talk to them
- Website: www.co-opbank.co.ke
- If something goes wrong, the CMA is who supervises them.
Compared with the others
There are 6 other plans of this kind on the board. See all 7 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 28 August 2026
- Taken off each payment you make is now 0%, and was not published before
We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“Minimum amount for FDR is KES 50,000 or FCY equivalent.”
“The customer is paid a competitive rate for the period the money is held in the account.”
“The period ranges from 1 to 12 months.”
“Yes customers are permitted to uplift Fixed Deposits before maturity interest is forfeited, unless otherwise sanctioned as per the approved Authority Limits.”
“What are the withholding tax rates? ... Qualifying interest / Interest | 15% | 15% | Final for individuals (from financial institutions listed in the Income Tax Act)”
Where we got this
- Fixed Deposit Account – product pagethe company itselfRead on 2026-08-22
- KRA – Withholding Tax: rates including interestthe regulatorRead on 2026-08-22