BANK
Bank
Savings Accounts
Interested in:

Simba Savings Account

Any plans to buy property, contribute capital for a business or make investments back at home? Our competitive rates and advisory services make Simba Savings

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Benefits

Benefits

Bank in Foreign Currencies

Bank in Foreign Currencies

Available in the following currencies: USD, GBP, EUR, AUD, CHF, CAD, ZAR (US Dollar, Sterling Pound, Euro Australian dollar, Swiss francs, Canadian Dollar, South Africa Rand).

Competitive interest rate

Competitive interest rate

Enjoy competitive rates based on monthly minimum balance applied annually and pegged on the KCB Savings interest rate of Simba Account.

Free standing order

Free standing order

Get one free monthly standing order if no other withdrawal is carried out within the month.

Unrestricted deposits

Unrestricted deposits

No restriction on the number of deposits that can be made into your account

Restricted withdrawal

Restricted withdrawal

Withdrawal is restricted to 12 times a year (once per month), allowing you to save your money.

What is required*

  • Must reside abroad
  • Valid Kenyan passport or national ID
  • KRA PIN certificate
  • Notarized proof of address e.g. utility bill, driving license etc.
  • Duly signed FATCA form for USA citizens
  • Colored passport sized photo

*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall we ask for your PIN or passwords.  Remember, PIN yako siri yako.

  • Minimum opening balance – Kes. 1000 or foreign currency equivalent
  • Minimum Operating Balance – Kes.1000 or foreign currency equivalent
  • No account maintenance charges.
  • Withdrawals limited to 12 per year-Restrict to one withdrawal per month
  • No restriction of deposit into account

 

 

Interest rates***

  

Kes.

Rate (p.a.)

1-100,000

5%

100,001-1,000,000

6%

1,000,001-10,000,000

7.5%

10,000,001-20,000,000

8.0%

Above 20,000,000

8.5%

 

 

CURRENCY

Rate 

AUD

0

CAD

0 

CHF 

0 

EURO

0.20% 

GBP

0.20% 

USD

 0.50%  

ZAR

  0

 

 

Interested in Simba Savings Account or have a question?

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