| Save As You Earn (SAYE) is a contractual savings product where Individuals both employed & self employed or groups remit savings through a check off agreement or through cash payable at Postbank branches countrywide.
SAYE has competitive tax - free interest plus a bonus on interest earned is payable for all uninterrupted savings contracts.
Benefits of this account are:
- No ledger or maintenance fee charged.
- Tax free interest.
- 10% bonus on interest earned.
- Several contractual periods to choose from i.e. 3, 6, 9, 12 and 24 months with differentiated monthly contribution.
- Flexible where one can operate more than one contract simultaneously.
- Rolling over of mature contracts is allowed.
- Convenient for one to make monthly payments from any Postbank branch.
Requirements for opening the account are as follows:
- Original and Copy of National ID or Passport.
- Minimum opening balance of Ksh 500.
- Duly completed SAYE application form.
For details about opening a Save As You Earn Account, do not hesitate to contact us or talk to a sales representative from your nearest Postbank Branch. |