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Tower Sacco

Tower Sacco Membership

SACCO membership · Regulated by the SASRA

What is this?

You join a co-op owned by its members. You pay KES 500 to register, buy shares, and save at least KES 500 a month. Each year the surplus is shared: 20% on shares and 13% on deposits for 2025. Most people join to borrow against their savings.

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 500
You'd end up with
KES 423,062
If you stop after 2 years instead

You would have paid in KES 120,000 and get back not disclosed.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on paying KES 5,000 a month for 5 years.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Paid on deposits for 202513%, proposed after the year ended
Paid on shares for 202520%, the same as 2024
What it costs to joinKES 500 to register; save from KES 500 a month
Getting deposits outOnly by leaving, on 60 days' notice
Your shares never come backNon-refundable. You transfer them to another member
LicenceSASRA licence No. 61, stated on its own AGM notice

What does it cost you?

Taken off each payment you makeKES 500
Yearly charge on your moneynot disclosed
  • · A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.

What if you stop paying?

Your shares and deposits stay and keep earning whatever is declared. Loans need you in good standing.

What if you need the money early?

Deposits come out only when you leave, on 60 days' notice. Shares are not refunded. You sell them to another member.

Who this suits

It could work for you if

You want a yearly payout that has beaten most funds here, and you may want to borrow against your savings.

Think twice if

You may need the money back fast. Deposits wait for you to leave, and shares do not come back.

How openly does this company explain its charges?

CLeaves real gaps11 of 15 answered
  • What do they charge you every year?
    A co-op has no management fee in the fund sense; its running costs come out of the surplus before the rate is declared, and are not itemised for members on these pages.
  • What is taken off the money you pay in?
    KES 500, taken from joining, once, as a registration fee.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 500.
  • How long is your money tied up?
    2 months.
  • Is the advertised return before or after their charges?
    Before charges. Their fees still come off this.
  • Do they warn you the return is not guaranteed?
    No warning appears next to the figure, even though it is not a promise.
  • Do they tell you what you get back if you stop early?
    You get whatever your money is worth on the day. There is no schedule.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 1 charge is mentioned without a figure.
  • Do they say who regulates them?
    Yes — the SASRA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · The 20% and 13% are the board's proposal for 2025, put to the AGM of 24 January 2026. The same rates were paid for 2024. Nothing says next year matches them.
  • · Non-withdrawable deposits come out only when you leave the Sacco, on 60 days' written notice.
  • · Share capital is not refunded. It moves to another member when you leave.
  • · Shares are KES 100 each. The pages read do not say how many a new member must buy; KES 2,000 of share capital is a condition for some loans.
  • · Tower states on its own AGM notice that it is a deposit-taking Sacco licensed and regulated by SASRA, licence No. 61. It is entry 148 on SASRA's 2026 register.

Talk to them

Compared with the others

There are 17 other plans of this kind on the board. See all 18 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 13% on this page is the rate Tower Sacco last declared, as at 2025-12-31 — 8 months old.

What the board proposed as rebates on non-withdrawable deposits for 2025, put to the 50th AGM on 24 January 2026. The same 13% was paid for 2024. Share capital was proposed at 20%, both years. The surplus is shared after the year ends; nothing promises next year..

Where we got this