Saving is a term emphasized by every financial adviser in regards to finance management. It is considered as one of the major paths to financial freedom as it helps during emergencies, cushions against sudden job loss, limits debt, prepares one for retirement etc.

However, starting a savings pool or fund is easier said than done since it requires thorough personal discipline and sacrifice in-order to reap the end result benefits stated above.


While stuffing money under the mattress can be one’s idea of saving, it is widely recommended to make use of the various financial institutions like SACCOs or banks because they provide security as well as interest options for one’s funds upon maturity.

However, choosing the right savings account might deem cumbersome for newbies that is why we have made the below summary to aid you in your choice.

Happy Savings!

BankAccount NameMin. Account
Interest rate %
ABC BankYoung Star1000
 Pure Savers5000
Bank Of AfricaChama20,0003%
 123 Cool Kids5,0003%
 Savings Individual20,0001.5%
 Tarajio20,000 1%
Bank Of BarodaSavings  
ABSA KenyaJuniorNone 7% 
 TargetNone 7% 
Consolidated BankDream Saver2,000
 Diamond Saver100,000
 Foreign Current2,000
 Vuna Chama2,000
 Fixed Deposit50,000
Co-operative BankHekima 3% 
Credit BankMy Saver1,0004%
 Bumble Bee2,0004%
 CB Soko  4%
Diamond Trust BankSavings1,0003%
Ecobank KenyaEcobank  
Equity BankEazzySave04%
 Junior Member2004%
 Teen Member2004%
 Achievers Student04%
 Call/Fixed Deposit1005 – 8% dependent on amount and duration
 School Fees20,0004%
Family BankTujenge200
 Mdosi Junior1,000
 Extra Cool200
First Community BankBusara5,000
 Young Community1,000 
 Foreign Currency  
 Invest Plus  
Guaranty Trust BankGT Save2,000
Guardian BankGolden50,000
 Chemi Chemi5,000
 TamuTamu Junior500
Gulf African BankSasa Children10,0004%
HFC KenyaJunior treasure  
I&M BankFixed deposit50,000
 Flexi deposit builder  
 Young Savers1,000
 Online Savers  
Jamii Bora BankBora enterprise savings1,000
Mayfair BankSavings10,0003.5%
 Children Savings10,0003.5%
Middle East Bank KenyaSavingsNone3%
National Bank Of KenyaAhadi1,0001 – 5% dependent on loan amount
 Vision5001 – 5% dependent on loan amount
NCBA BankGold2,000
Oriental BankNormal savings500
 Share financing10,000
Prime BankPrime Saver10,000
 Prime Junior5,000
SBM BankPebble2,0003%
 Instant Saver2,0003%
Sidian BankPremium10,0007%
Spire BankSpire Savings2,00010%
Stanbic BankPure Save  
Standard Chartered BankDiva Chamma2,000
 Safari Savings2,000
 Safari Junior2,000
Transnational BankFixed Deposit50,000
United Bank Of AfricaGeneral Savings1,0003%
 U Care 3%
 Uhuru 3%
 Gold Account25,0003%