- Kenversity Sacco raises fixed deposit rates across seven savings brackets.
- Members can earn up to 10.7% on deposits of Ksh10 million or more.
- Higher returns apply to larger deposits and longer investment periods.
Kenversity Co-operative Savings and Credit Society Limited has revised its fixed deposit rates, with the new figures taking effect from September 2026. The Sacco’s Board of Directors approved the changes, which were communicated to members through Circular No. 10/2026.
The circular, signed by Secretary Dr. Priscilla Gitonga, sets out updated rates across seven deposit brackets, ranging from Ksh5,000 up to Ksh10 million and above. Each bracket carries different rates depending on how long a member commits their funds, with tenures spanning one month to twelve months.
How the new rates break down
For smaller deposits of between Ksh5,000 and Ksh49,999, members will now earn 4.00% on a one month deposit, rising to 5.50% if the funds are locked in for a full year. The next bracket, covering Ksh50,000 to Ksh399,999, offers slightly better returns, starting at 4.5% for one month and climbing to 6.50% at twelve months.
Deposits between Ksh400,000 and Ksh999,999 attract even higher rates, beginning at 6.50% and reaching 8.00% over twelve months. For members with larger sums, say Ksh1 million to Ksh2,999,999, the rate starts at 7.00% and tops out at 9.50%.
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The trend continues upward for bigger depositors. Those placing between Ksh3 million and Ksh4,999,999 will see rates from 8.50% to 10.00%, while deposits of Ksh5 million to Ksh9,999,999 range between 9.00% and 10.1%. At the very top, members depositing Ksh10 million or more stand to earn between 10.00% and 10.7%, depending on how long they’re willing to leave their money untouched.
What this means for members
The pattern here is fairly straightforward. The more you deposit, and the longer you’re willing to commit it, the better your return. A member locking in Ksh10 million for a full year, for instance, would earn nearly double the rate offered to someone depositing the minimum Ksh5,000 for just one month.
For a Sacco built around member savings, adjustments like this tend to matter beyond the numbers on paper. They shape how members choose to save, and how much they’re willing to lock away rather than keep liquid.
Members with questions about how the new rates affect their existing deposits would need to reach out directly to the Sacco’s offices for clarification.
By Benedict Aoya
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