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Money Market Fund (Savings Plan)

The Zimele Money Market Fund is also called the Savings Plan. It allows you to save in a flexible and convenient setting, at your own pace.

Members’ contributions are pooled and invested in safe, high-yielding interest bearing assets such as Treasury bills, Treasury bonds and fixed deposits.

The fund is licensed and regulated by the Capital Market Authority (CMA).

Features and Benefits:  

  • Minimum deposit of Ksh. 100
  • Competitive interest rate and enhanced safety of funds
  • No hidden charges
  • M-Pesa option for deposits (paybill number 501101) and withdrawals
  • Interest compounded annually
  • Online statements
  • No minimum balance requirement

The Zimele Savings Plan is Ideal for:  

  • Building up savings for emergencies;
  • Building up savings for groups and investment clubs;
  • Managing your business’s surplus funds;
  • Saving money for short-term financial needs such as school fees, holidays, household goods, etc.
  • Saving for long term goals such as weddings.

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