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Absa Bank Kenya PLC

Absa Digital Savings Account

Bank savings account · Regulated by the CMA

Grows at
up to 5.1% a year
after their charges

A savings account you open online. It pays interest and has no monthly fee.

Hear when this changes

What it has actually paid

  • December 2022 to May 20237%
  • June 2023 to December 20239%
  • December 12, 2023 to March 202410%

Before the company's charges. Past periods are not a promise about future ones.

Try your own numbers
How

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 0
Tax takes
KES 7,473
You'd end up with
KES 342,348
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on paying KES 5,000 a month for 5 years.
  • · They advertise this as a maximum. The real figure can be lower.
  • · 15% tax comes off the interest before you get it. They do not say if their rate already allows for it, so we took it off.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Interest rate
Quoted as up to 6% per year; interest calculated daily and paid monthly. Detailed tiers not published on current site.
Minimum balance
No minimum balance required.
Monthly fee
No service charges applicable.
Transactions
Savings account is for inter‑account transfers only; other transaction types are restricted as per KFD.

How to open this

  • Open with KES 0

What does it cost you?

Admin chargemonthly service fee (provider states no service charges)Nothing
Taken off each payment you makeyour deposits. Nothing is taken off the money you pay in — this account's charges are monthly and per transaction, and are listed aboveNothing

What if you stop paying?

Nothing is due. Your money stays in the account and keeps earning interest.

What if you need the money early?

You can move money to your own account. Other transaction types are restricted.

Who this suits

It could work for you if

You want a simple account with no minimum balance and monthly interest.

Think twice if

You want to do many counter withdrawals or use a chequebook.

What they tell you

  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • What is the smallest amount you can start with?
    KES 0.
  • Are all their charges published?
    Yes, every charge they mention has a figure against it.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

Compared with the others

There are 25 other plans of this kind on the board. See all 26 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The up to 6% on this page is the rate Absa Bank Kenya PLC quoted, as at 2026-08-19 — 2 months old.

Absa quotes up to 6% a year on this account, with interest worked out daily and paid monthly. It does not publish the balance tiers that decide which rate you actually get, and it does not say whether the figure is before or after the 15% tax on interest.

What has changed here

  • 28 August 2026
    • Taken off each payment you make is now 0%, and was not published before
    • The quoted rate is now 6% a year, and was not published before

We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.

What the documents actually say

Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.

Where we got this