Member Login

Tower Sacco membership is open to everyone within or beyond Kenya. We admit individuals in cooperates, businesses, groups and In the Diaspora. Opening an account is easy and seamless. To ensure convenient access to your account, always register for mobile banking during account opening.

Category Registration Fee Share Capital in Ksh Min. Monthly Savings Kshs

Registration Fee Min. share Capital Min contribution

Cooperate (employees under check – off)

1000 10,000 2550 (inclusive of risk fund)

Premium (individual employees, Business People, etc)

500 2000 500

Corporate (Partnerships

500 50,000 10,000

Group

500 2000 500

Micro Group

350 500 200 per group member

Diaspora

500 25,000 1,000

N/B: Upon successful completion of membership registration, three mandatory accounts are created;

  • Ordinary Account – Transactional account
  • Share Deposit – Non-withdrawable Savings Account. It is a Multiplier Account for loans

In addition, every member is a shareholder. The shares owned by a member is not limited to the minimum stated.

The share deposits and capital earn you a return-Rebates and Dividends respectively. Tower Sacco has successfully paid returns as shown below

Year Dividend in %ge Rebates in %ge

2013

12% 12%

2014

15% 12%

2015

20% 12%

2016

20% 12.05%

2017

20%  12.05%

2018

20%  12.1%

2019

20%  13%

2020

20% 13%

2021 

20% 13%