Savings Accounts

Choice Microfinance Bank Limited Premium Savings Account Details

Rates available from as of November 2023
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Choice Microfinance Bank Limited

Premium Savings Account
Interest Rate
1.5
%
-
1.5
%
(per year)
Min Interest Earning Balance
Ksh
0
Interest Payout
Annually
Withdrawal Limit
Anytime
No account fees
visit website

Account Fees:

  • ‍‍Withdrawal fees: 120
  • Maintenance fees: 0
  • Statement fees: 0‍

Account Details:‍

  • Minimum Opening balance: 500
  • Interest Payout: Annually
  • Withdrawal frequency: Unlimited
  • Currency options: KES
  • Account opening process: Branch‍

Documentation Requirement:‍

Money254 Review

Pros:

  • ‍‍Low opening balance (500)

Cons:‍

  • Unrestricted withdrawals
  • Withdrawals charged 120

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