As more Kenyans seek safe and flexible ways to grow their money amid changing economic conditions, demand is rising for investment products that combine accessibility with competitive returns.
One such option gaining attention among individuals and businesses is the Co-operative Bank of Kenya’s Call Deposit Account.
The account is designed for customers looking to invest surplus funds for an indefinite period while still retaining the flexibility to access their money when needed.
Unlike fixed-term investments that may tie up money for months, the account allows withdrawals after a minimum holding period of 7 days, provided 24 hours’ notice is given to the bank.
This arrangement makes it suitable for individuals, businesses, chamas and institutions managing short-term liquidity needs.
For many customers, the account offers a balance between accessibility and financial growth.
Nairobi-based entrepreneur Grace Wanjiku says the account has helped her better manage business cash flows while still earning returns on idle funds.
“Previously, money would remain in the current account earning nothing as we waited for supplier payments or upcoming expenses. With the call deposit account, the funds continue to work for us while remaining accessible when needed,” she said.
The flexibility attached to the account has also made it appealing to small and medium-sized enterprises that often require quick access to operating capital.
David Mwangi, who runs a logistics company in Nakuru, says the account has enabled him to plan more efficiently during periods of fluctuating business activity.
“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 states.
Beyond financial management, the Co-op Bank call deposit account has been hailed for its ability to instill financial discipline among savers.
With withdrawals requiring a prior notice, customers are encouraged to plan ahead while avoiding impulsive spending of funds meant for investment or operational stability.
The product also provides an alternative for customers seeking better returns than ordinary savings accounts without committing to long-term fixed deposits.
This flexibility is particularly beneficial in an environment where businesses and households are increasingly prioritising liquidity alongside financial growth.
“The Bank reserves the right to adjust the applicable interest rates at its sole discretion, providing a 7-day notice before any change to the rate or rates of interest payable,” Co-op Bank adds.
To get started, customers can do so via the Co-op Bank mobile app available on Google and App Stores, or visit the nearest Co-op Bank branch countrywide.
