Can I break my Mkolo Savings at any time?

Yes, you can. Simply log into your dashboard and swipe right on the account balance card on your dashboard. Click on 'Ongoing Plans' and then select the plan you would like to end and select 'Break'. Funds will be sent to your Mkobo Account, and you will be able to access these funds. However, if you break these funds before the maturity date, you will lose your accrued interest and also be charged a 1% processing fee. If you do not achieve the target amount by the maturity date, you will only lose your accrued interest.

Updated on: 28/06/2022