Fixed Deposit

Also known as "capital build up" it is the initial investment to the cooperative with a minimum of P100/month. 

This type of deposit is non-withdrawable, this can only be withdrawn when the member had already resigned from the company, he/she should ask a withdrawal of membership form from SAKO and a letter address to the BOD which is subject for evaluation 60 days prior to the date of the effectivity, once approved, the member is automatically excluded in any benefits/services that a member could avail. 

The total amount of the fixed deposit will also determine the loanable amount of the member in theMAXI LOAN.