Updated 21 October 2026
Mwalimu National DT Sacco, the teachers’ Sacco headquartered at Mwalimu Towers in Upper Hill, Nairobi, paid 13% on share capital and 10.05% on member deposits for 2025. The deposit rate edged up from 10.00% in 2024, while the dividend was held at 13%. The calculator below works out what your own deposits would earn at the 2025 rate.
Rates are what was last published, gross of tax. Money market funds are compounded monthly; bills, bonds, deposits and SACCO returns are worked out as simple interest. Your actual return will differ.
The default is the 10.05% deposit rate. Change it to 13% to estimate the dividend on your shares. The 5% withholding tax on Sacco payouts is deducted automatically.
Mwalimu National Returns by Year
| Financial year | Dividend on share capital | Interest on deposits |
|---|---|---|
| 2025 | 13% | 10.05% |
| 2024 | 13% | 10.00% |
Mwalimu’s rates are lower than some smaller Saccos’, but it is one of the biggest in the country. Sacco Review, reporting the 2025 accounts, described it as Kenya’s largest Sacco by assets. Total assets grew from KSh 68 billion to KSh 76 billion, member deposits from KSh 52.2 billion to KSh 56.5 billion, and loans to members from KSh 47 billion to KSh 56 billion. Its surplus rose 76.3% to KSh 1.27 billion.
Why the Rates Stayed Modest Despite Higher Profit
A Sacco’s dividend depends on how much surplus it has relative to share capital and deposits, and on how much it chooses to keep as reserves. Mwalimu’s equity grew 13.7% to KSh 11.4 billion in 2025, which strengthens its capital position. Members gain stability from that, even if the yearly rate looks lower than at Saccos paying 12% or more on deposits.
Worked Example
A teacher who kept KSh 400,000 in deposits through 2025 and holds KSh 30,000 in share capital would have earned KSh 40,200 in interest and KSh 3,900 in dividends, KSh 44,100 before tax. After the 5% withholding tax that is about KSh 41,900.
Who Can Join
Mwalimu National’s common bond is the education sector. Members include:
- Teachers Service Commission (TSC) staff in post-primary and TVET institutions, and at the TSC secretariat
- Qualifying primary school teachers
- Lecturers and Ministry of Education staff
- Staff of the Sacco and its subsidiaries
- Eligible spouses and children of members
The Sacco also offers a Mualim membership category with its own terms.
How to Join
Fill in the membership application form and attach both sides of your national ID, a current original payslip and three recent colour passport photos. Hand it in at any branch or send it by courier to Mwalimu Towers, Upper Hill. For the Mualim category, the Sacco lists:
- A one-time registration fee of KSh 500
- Minimum share capital of KSh 30,000
- Minimum monthly savings of KSh 1,000
- A monthly risk fund contribution of KSh 500 and a benevolent fund (BBF) contribution of KSh 150
Most teachers pay by check-off, so the monthly deposit comes straight off the TSC payslip. You can check that the deduction appears on your payslip through TSC’s T-Pay portal, and see what you take home with our TSC salary calculator.
Contacts
Customer care: 020 2956 0000 or 0709 898 000; SMS 20156; email mwalimu@mwalimunational.coop. Confirm the paybill and account format with customer care before you pay by M-Pesa. To compare Mwalimu’s returns with other options, use the investment returns calculator, and check any Sacco’s licence on our SASRA Sacco checker.
Teachers thinking about a development or emergency loan can test the repayment on our Mwalimu National loan calculator before applying.
Frequently Asked Questions
What dividend did Mwalimu Sacco pay for 2025?
13% on share capital and 10.05% interest on deposits.
Did Mwalimu’s deposit rate change?
Yes, slightly. It rose from 10.00% for 2024 to 10.05% for 2025.
Can primary school teachers join Mwalimu National?
Qualifying primary school teachers can join, along with TSC post-primary and TVET staff, lecturers and Ministry of Education staff.
What is the minimum share capital at Mwalimu National?
For the Mualim category, KSh 30,000, with a KSh 500 registration fee.
Prefer WhatsApp? Follow Business Radar on WhatsApp
Weekly, free. We only use your email for this newsletter and you can unsubscribe in one click. Privacy policy.
