All outbound funds transfers are remitted to foreign beneficiaries worldwide, normally 2 working days, and are favourably priced. Additionally, our vast network of foreign accounts can receive funds on your behalf ensuring timely collection of incoming payments. As per regulator requirement, transactions at or above the equivalent of US$ 10,000 require support documentation.

FIXED INCOME AND MONEY MARKET PRODUCTS

Fixed Deposit Account
This is an investment account in which a customer deposits a specified amount of money for a certain/fixed period of time.

The period ranges from 1 month to 12 months.
The customer is paid a competitive rate for the period the money is held in the account.

Call Deposit Account
This is an investment account in which a customer deposits a specified amount of money for an indefinite period of time for a return. One can ‘Call’ or withdraw the funds any time subject to a minimum period of 7 days and prior notice of 24 hours.

Co-op Bank acts as an agent for customers looking to invest in government (Treasury) bills and bonds, at a minimal fee.

The bank also provides fixed and call deposit investment accounts.​

Treasury bond
This is a debt security issued by the Central Bank of Kenya (CBK) on behalf of the government to raise funds to support the budget.

It is a long-term investment ranging from 2 to 30 years.

When a customer invests in a Treasury bond, they are usually lending money to the government and they earn interest on it. Bidding on the bonds is done on monthly basis at an auction.

Benefits
Risk free – the principle and interest payments are guaranteed
Specified rate of interest paid during the life of the bond
Face value repaid on maturity of the Bond

Treasury bill
This is a short term debt security with maturity of not more than one year.

The investment periods are 91 days, 182 days and 364 days.

Bidding on the bills is done on weekly basis at an auction.

Benefits

• Short term investment hence one is able to get the principle amount after a short time
• The bills are bought at a discount depending on the yield thus the gains are realized upfront

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