Cooperative Bank is one of the institutions in Kenya which offer Money Market Fund where you invest and earn interest daily. The interest rate is 15-17% per year. This means that if you invest Ksh 1 million, you will earn interest of Ksh 150,000 to Ksh 170,000 annually. This is decent money which can help you start a business.
To get started, you are required to have initial capital of Ksh 50,000. There are no initial charges and once you deposit money, the account is updated within 24 hours.
To join, visit Cooperative Bank website and search for “Co-op Unit Trust”. You will be required to sign a form online which will take few minutes.
Alternatively, contact them via these details:
Co-optrust Investment Services Limited
Co-operative House 5th Floor, Haile Selassie Avenue
P.O. Box 48231- 00100, Nairobi
Tel: 020 3276120/0711 049 120/0711 049 496/0711 049 241/0711 049 813/0711 049 999/0711 013 925
Email: co-optrust@co-opbank.co.ke
Money Market Fund is ideal for long term investments. You should invest money for at least 3 years before withdrawing any cash. This way, you will see your investment growing steadily.
There is a reader who asked us whether Coop Money Market Fund is safe. Yes, it’s safe. Cooperative Bank is a reputable bank and it won’t disappear with your money. When you invest with them, it will pay you interest without fail You are also able to withdraw your money anytime.
To withdraw, send them an email indicating your member number, the amount you wish to withdraw and bank account details. They will credit your account within 2 working days.
