Saccos vs Digital Savings Accounts. Which is Better?

Whether you want to buy a new phone, go for a one-week vacation to Diani in December, or build a home, to turn your aspirations into a reality, you need to save money.

One of the important decisions you have to make after you have set your goal is to choose where you will save your money.

Depending on your objectives, there are many savings instruments to choose from in Kenya. Typically, they differ by interest rates, fees, and liquidity level.

When deciding where to put your money, you have to consider all those elements as they dictate how much returns your savings will generate, how accessible your money will be, and, importantly, if they align with your goals.

Click the link below for more.

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Video produced in partnership with Absa Bank Kenya. Our partners may suggest topics they would like audience to know about but do not influence what/how we produce them.