There are at least four money market products that you can invest in through Co-operative Bank. These include Treasury Bond, Treasury Bills, Fixed Deposit Account, and Call Deposit Account. You can visit your nearest Co-operative Bank to start investing.

Here is a breakdown of what they are all about and the benefits you stand to gain by investing through them:

1). Treasury Bills

Also known as T-Bill, this is a paperless short-term borrowing instrument issued by the government through the Central Bank of Kenya to raise money on short term basis. The investment periods under this product are 91 days, 182 days and 364 days. Bidding on the bills is done on weekly basis at an auction.

Treasury bills are sold at a discount. This means that investors choose the amount that they will receive when the bill matures, or the face value of the bill, and pay less than that amount when purchasing it.


  • 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

2). 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.

They are a secure, medium- to long-term investment that typically offer you interest payments every six months throughout the bond’s maturity. 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

3). Fixed Deposit Account

With this account, you are ensured that your money will remain safe and guarantee you a return at the end of the stipulated period. This 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.

The longer your money stays in this account, the higher the interest you will earn. For example you will earn a higher interest if you opt for the six month fixed rather than a one month fixed term.

4). 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.

This account has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits. The call deposit also provides the benefits of a savings account through the accrual of interest.


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