Joining Tower SACCO in 2026: Costs, Share Returns, and Member Benefits

As Tower SACCO celebrates its 50th year with an asset base surpassing Ksh 34 Billion, it has become the go-to destination for Kenyans looking to outpace inflation. If you are browsing the Saccoshares marketplace for an entry point, here is the breakdown of the financial commitments and rewards.

1. How Much Does it Cost to Join Tower SACCO?

In 2026, the entry barrier remains low to encourage the "30 Billion by 2030" growth strategy.

• Registration/Entrance Fee: Ksh 500 (for individuals) to Ksh 1,000 (for groups/corporates).

• Minimum Monthly Deposit: Ksh 500 (Ordinary Savings) to Ksh 2,000 (for certain premium loan products).

• Initial Capital Investment: For new members, a minimum of Ksh 10,000 in Share Capital and Ksh 20,000 in Share Deposits is often required to unlock full borrowing power.

Pro-Tip: If you are joining to access a loan immediately, Tower allows "front-loading" where your entrance fees and share capital are deducted from your first loan disbursement.

2. How Much Interest Do You Earn on Tower SACCO Shares?

Tower SACCO is currently the market leader in returns. Based on the January 24, 2026 AGM results:

• Dividends on Share Capital: 20%. This is the highest among top-tier SACCOs in Kenya, paying out double what most banks offer for fixed deposits.

• Interest on Deposits (Rebates): 13%. This is earned on your monthly savings, which also act as your loan collateral.

Total Yield Example: If you have Ksh 100,000 in shares and Ksh 500,000 in deposits, you would earn roughly Ksh 85,000 in gross annual returns (Ksh 20k dividends + Ksh 65k interest).

3. What are the Benefits of Joining Tower SACCO?

Beyond the high dividends, Tower offers several unique 2026 advantages:

• Massive Loan Multipliers: You can borrow up to 6 times your savings (for salaried members) or 5 times (for development loans), with repayment periods extending to 96 months (8 years).

• Digital Convenience: With 97% of transactions now handled via the Tower App and USSD (*655#), you never have to visit a branch to get a loan or check your balance.

• KMRC Mortgages: Access to 9% interest rate affordable housing loans, a key government-backed benefit for 2026.

• Buy-Off Loans: Tower is famous for "buying off" expensive bank loans (up to Ksh 3.5 Million) and converting them into manageable SACCO credit.