Just had a chat with a representative, claiming 18% pa on investment, and 1week turnaround time for exit, anyone with hard experience please...?

See below e-mail received from their business development team. Note the minimum amount required is Kes 1 million.


Good morning and hope this finds you well.

Please note that our current Cytonn Cash Management Solution Interest Rates for this week are as shown below:
For KES
1&3 months:18% p.a
6 months: 18% p.a
12 months: 18% p.a
For USD
3 months: 4% p.a
6 months: 4% p.a
12 months: 4% p.a

In addition to offering a comprehensive lifestyle, The Alma has a compelling proposition from the off-plan purchase with a potential 28% per annum / annualized return.
Our off-plan purchase prices are as follows:

1 Bedroom: Kshs 5.5 mn
2 Bedroom: Kshs 7.5 mn
3 Bedroom: Kshs 9 mn

Thanks and have a good week ahead.

Business Development Team

Talked to them on Monday it's 18%pa all through the different tenors

yes sir...I believe so.

Other insurance companies have a competing product.Initially one had to have KSh 5M to invest in that product.Looks like competition made them lower that to KSh 1M.