Savings Accounts

Stanbic Bank Kenya Limited PureSave Account Details

Rates available from as of November 2023
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Stanbic Bank Kenya Limited

PureSave Account
Interest Rate
3
%
-
7
%
(per year)
Min Interest Earning Balance
Ksh
5000
Interest Payout
Monthly
Withdrawal Limit
Quarterly
No account fees
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Account Fees:

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

Interest Tiers:

  • 3%: Kes 0- Kes 499,999
  • 3.5%: Kes 500,000- Kes 999,999
  • 4%: Kes 1,000,000- Kes 4,999,999
  • 5%: Kes 5,000,000- Kes 9,999,999
  • 5.5%: Kes 10,000,000- Kes 19,999,999
  • 7%: Above 20M‍

Account Details:‍

  • Minimum Opening balance: 5000
  • Interest Payout: Monthly
  • Withdrawal frequency: Once per quarter
  • Currency options: KES
  • Account opening process: Branch‍

Documentation Requirement:

  • ‍‍National ID
  • Passport Photo
  • KRA Pin
  • T&C Link

Money254 Review

Pros:

  • ‍‍Borrow Up to 80% of savings
  • Interest is paid out Monthly‍

Cons:‍

  • Account only earns interest if minimum balance of 5K is maintained
  • Opening balance of 5K required
  • Maximum interest(7%) only earned at high account balance 20M

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