There are many investment options at Cooperative Bank Kenya.These investment options have attractive interest rates that would easily make an investor rich.
If you have money you want to invest, here are ways you can invest it at Cooperative bank.
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.
- 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
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.
- 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 realised upfront
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.
If you put your money in one of the investment segments above, you will earn attractive interest rates,and the issue of making losses are not witnessed.