S&L, a subsidiary of the KCB Group and one of the oldest mortgage companies in Kenya has launched new investment accounts which seek to encourage Kenyans to save for the purchase of property. The three accounts are:

The Foundation Account

Designed for those who wish to put aside a little at a time in a tax efficient way. This account targets the upwardly mobile young professional who does not currently own any real estate.

Features

• No ledger fees
• No minimum opening or operating balance

Benefits

§         High interest rates

§         Discounts on mortgages processing fee for accounts held over 1 year

• Savings are tax exempt up to the legal limit of Kshs. 4,000 per month

The Pillar Account

The Pillar Account is a transactional account designed for longer-term savers.

Features

§         Free ATM card

• Tiered ledger fees

Benefits

• Tiered interest rates
• Access to personal loans through KCB
• No ledger fees for balanced over Ksh. 20,000
• Top-up loans against mortgages
• Salary account 

The PentHouse Account

The Penthouse Account is specifically aimed at high net worth individuals who can afford to put aside substantial of money towards the purchase of a home or property development.

Features

• No ledger fees
• No Minimum opening or operating balance
• Free VISA Card
• Four withdrawals per year

Benefits

• Discount on Mortgage processing fees if  account  is held over one year
• Top up Loans Against Mortgages
• Access to personal loans through KCB

For more information on these accounts, email S& L: glaboso@kcb.co.ke

Or View their website: http://www.kcbbankgroup.com/sl/index.php