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Zimele Savings Plan

The Zimele Savings Plan allows you to grow your savings in a flexible and convenient setting, at your own pace.

You can save any amount starting from Ksh.100, at any frequency, and earn interest at 9.56% per year on all your deposits. Withdrawals are timely with a choice of M-Pesa or bank.

The Zimele Savings Plan, is a money market fund in the Zimele Unit Trust Scheme, which is licensed and regulated by the Capital Markets Authority (CMA) as a collective investment scheme.

Once you open your Zimele Savings Plan account, you can make deposits via M-Pesa or Bank channels.

Funds are pooled and collectively invested in safe, interest-bearing assets such as Treasury bills, Treasury bonds and bank deposits. Returns are in the form of interest income, which is credited to members’ accounts after deducting fees and taxes.

How Do You Join?

Simply fill the form below to join.

TERMS AND CONDITIONS
1. The minimum investment amount is Kshs. 100/=
2. Withdrawals are processed within one week and payments are wired directly to members’ bank accounts.
3. A member may liquidate part or all of their investment.
4. Inter-fund transfers are allowed subject to administration fees, where applicable.
5. Any inter-fund transfer must be in writing, dated and signed by the holder of the account.
6. Members placing standing orders must fill in the standing order form and attach a copy of the instructions given to their bank.
7. There are no withdrawals fees, penalties or hidden charges
8. Funds sent via mobile money transfer services will attract standard charges levied by the respective service providers.
RETURNS ON YOUR INVESTMENTS
1. Investment returns in the Balanced Fund are not guaranteed. Always remember that the value of your investment can rise or fall and that you may not get back the full amount you had invested, depending on prevailing market conditions. Past performance is not an indicator of future performance. The Balanced Fund should therefore be considered as a medium to long term investment.
2. The principal amount in the Money Market Fund is not subject to fluctuations during the period of investment. Interest in the Money Market Fund is earned on a monthly basis and will vary from time to time based on conditions prevailing in the money market.
DECLARATION
I confirm that the record provided to establish our identity is accurate. I hereby declare that all of the monies I invest in the Zimele Unit Trust Funds, whether periodically or as a one-off contribution are from a legitimate source, and not from the proceeds of crime, money laundering or other illicit activities. Furthermore, we accept that should there be any justifiable suspicion as to the possibility that we, or another party acting on our behalf, may have engaged or been a participant in money laundering and related offences as outlined in the Proceeds of Crime and Anti-Money Laundering Act 2009, we shall absolve Zimele of any liability and assist the relevant authority with investigations on the same.
I have read and fully understood the contents of this document. I have accepted and complied with the terms and conditions as amended in so far as this application may affect our investments. I indemnify the Trustees, Fund Manager and Custodian of the funds against any contravention of these terms and conditions caused by my failure to comply with any provision thereof.

Features and Benefits:  

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

The Zimele Savings Plan is ideal for:  

  • Building savings for emergencies;
  • Saving money for short-term financial needs, such as school fees, holidays, household goods, etc.
  • Saving for long term goals, such as deposit for home ownership.
  • Managing business cashflow.
  • Building savings for chamas and investment groups
Make a Deposit

For Mpesa deposits, you’ll just go to Lipa na M-Pesa > Paybill > Enter Business Number 501101 > Enter Account number or ID number > Enter amount > Enter pin > Confirm transaction > Hakikisha.

KENYA COMMERCIAL BANK

Branch: Custody Services

The Account Name: Zimele Unit Trust Money Market Fund

Account Number: 110-238-8815

BARCLAYS BANK KENYA LIMITED

Branch: Barclays Plaza

Those investing in the Money Market Fund

The Account Name: Zimele Unit Trust Money Market Fund

Account Number: 03077-500-6757

STANDARD CHARTERED BANK

Branch: Head Office

Those investing in the Money Market Fund

The Account Name: Zimele Unit Trust Money Market Fund

Account Number: 0105-016-758900

BARCLAYS SWIFT CODE:

 BARCKENXXXX 

KCB SWIFT CODE:

KCBL KENX

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