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Tower Sacco

Tower Sacco Membership

SACCO membership · Regulated by the SASRA

Grows at
12.27% a year
after their charges

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.

Hear when this changes

What it has actually paid

  • 202220%
  • 202420%
  • 202520%

After the company's charges, where it publishes both. Past periods are not a promise about future ones.

What to watch out for

  • 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.
Try your own numbers
How

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

You pay in
KES 300,000
Charges take
KES 500
Tax takes
KES 6,106
You'd end up with
KES 415,517
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early.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.
  • · 5% tax comes off the interest before you get it. The Sacco does not say if their rate already allows for it, so we took it off.
  • · 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

Core Capital to Total Assets (CCA) 2025
14.61%
Core Capital to Total Deposits (CCD) 2025
19.26%
Institutional Capital to Total Assets (ICA) 2025
9.88%
External Borrowing to Total Assets 2025
0.54%
NPL Ratio 2025
4.13%

How to open this

  • then KES 500 a month
  • locked in for 2 months

What does it cost you?

Taken off each payment you makejoining, once, as a registration feeKES 500

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.

What they tell you

  • What is taken off the money you pay in?
    KES 500, taken from joining, once, as a registration fee.
  • 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 say who regulates them?
    Yes — the SASRA. That is who you complain to.

Talk to them

Compared with the others

There are 222 other plans of this kind on the board. See all 223 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 — 10 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.

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.

Where we got this