Savings Solutions for You
Goals. A Kenyan proverb! Indeed, goals require you to put aside a little every now and then when you’ve gathered enough, you can achieve your goals… and hey, why not let help us contribute to them with interest earnings?
No one knows what tomorrow holds, but with the My Saver Account, your plans can be saved! This is a true savings account designed for serious savers and does not attract any charges.
What You Get
- Attractive interest rates (view rates here)
- Restricted access to allow you to achieve your savings goals
- Access to loans of up to 80% of the funds in the account (subject to terms).
- Free periodic E-Statements (on request)
- Free incoming EFTs (Electronic Funds Transfers) and incoming RTGSs (Real Time Gross Settlements)
- Direct deposits to account via Safaricom PayBill No. 669669
The Fine Print
- Account opening balance of KES 1,000
- No monthly maintenance fee
- No minimum operating balance
- Transaction fees applicable per transaction
- Interest calculated on minimum monthly balances and paid on a quarterly basis
- Withdrawals restricted to 4 times a year; one per quarter (interest forfeited on additional withdrawals)
- No debit card or cheque book
Empower your kids with money saving and management habits. When you teach your kids about managing money, and how to save, you’re helping them develop good financial habits that can last a lifetime.
What You Get
- Attractive interest rates (view rates here)
- Access to App and Robotics Development opportunities through the Kiddy Club and Appframe Code Academy (download brochure here)
- One free banker’s cheque for school fees per quarter
- Free internal standing orders
- Access to loans (school fees) of up to 80% of the funds in the account (subject to terms)
- Free periodic E-Statements (on request)
- Free incoming EFTs (Electronic Funds Transfers) and incoming RTGSs (Real Time Gross Settlements)
- Direct deposits to account via Safaricom PayBill No. 669669
- Free Bumblebee piggybank
Bonus
Access an optional negotiated Family Personal Accident Package Cover (accessible to the whole family including your spouse and covers up to 2 children) for only KES 1,000 per annum with benefits such as medical expenses cover of KES 20,000 and much more.
The Fine Print
- Account opening balance of KES 2,000
- No monthly maintenance fee
- No minimum operating balance
- No transaction fees
- Interest calculated on minimum monthly balances and paid on a quarterly basis
- Available for children below the age of 18 years
- Account will be graduated to a youth account once the child attains 18 years of age
The discipline required to save towards a certain goal can be daunting. With a little motivation here and there, you can be encouraged to save. At Credit Bank we give you just the right motivator… more money! The CB Soko Account is an investment account that allows individuals to accumulate funds towards a certain goal incrementally. A safe investment vehicle which allows our customers to save and accumulate funds towards a certain prescribed goal.
How it Works
- You’ll be required to select a savings term between 1 – 5 years
- Set your monthly savings target from a minimum of KES 5,000 to a maximum of KES 1,000,000
- Start saving your monthly target and start earning interest on your savings until the term you set above expires
The Fine Print
- No Penalties
- No transaction or account maintenance charges.
- You can view applicable interest rates here
- Interest will be compounded half yearly and payable at the time of maturity