It is a good thing when your business is making a profit, because you may have more money on hand than you need to pay your bills.
If you put that money into a simple bank account, you will earn a little interest. But you might also consider investing as a business.
LOOP Invest is a business term deposit account that locks in a fixed interest rate to earn guaranteed returns and a smart way to save your profits or surplus cash as you watch it grow with an extra interest reward.
Allowing profits to accumulate in a business account with a low-interest rate means the money is not actively working for you or your business. LOOP Invest for business is an attractive option that can give your business an alternative revenue with the potential of generating more money that can be reinvested into your business in a tax-efficient way.
With a minimum balance as low as KES 1,000 and a maximum of KES 999,000, LOOP Invest offers competitive returns on your savings, with competitive interest rates of up to 4.5% depending on your investment tenure period of between 3 to 12 months. You can create as many Investments as you prefer and manage them through the portfolio view.
Why choose to save and grow your money with LOOP Invest?
Get started with as little as KES 1,000 up to a maximum of KES 999,999
Earn competitive interest rates of up to 4.5% on your savings depending on your investment tenure
Give your business an alternative revenue with the potential of generating more money that can be reinvested into your business
On maturity of the investment, your investment amount plus any interest earned will be paid out into your LOOP current account