Savings & deposits
Flexible savings plans your members will actually use
Configure fixed deposits, voluntary savings and locked accounts, with automatic contributions and interest posting.
Savings products
Active
| Product | Rate p.a. | Term |
|---|---|---|
| Fixed deposit | 9.0% | 12 months |
| Holiday savings | 6.5% | Locked to Dec |
| Junior account | 5.0% | Open |
Example products, for illustration
What you get
Everything included in Savings & Deposits
Any savings product
Set up fixed deposits, recurring deposits, holiday savings, junior accounts and more, each with its own rules.
Automatic contributions
Collect contributions through check-off, standing orders or M-Pesa and post them without manual entry.
Interest and dividends
Calculate and post interest on deposits on the schedule you choose, with withholding tax handled.
Lock periods and rules
Control withdrawals with lock-in periods, notice periods and minimum balances per product.
At a glance
Savings & Deposits works with every other marabanking module, so balances, approvals and reports stay consistent.
- Fixed and recurring deposit products
- Interest posting with withholding tax
- Lock periods and withdrawal rules per product
- Contributions via check-off or M-Pesa
Frequently asked questions
Yes. Members pay to your Paybill with their account number and the deposit is posted to the right savings account.
Yes. Non-withdrawable BOSA deposits and transactional FOSA accounts are set up as separate products.
See marabanking running on your own products
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