Fixed Deposit Savings Account
Fixed deposit · Regulated by the CMA
A fixed-term deposit. You place a lump sum and earn a set rate to maturity.
Hear when this changes
The details that matter for this kind of plan
- Currencies
- Available in KES, USD, GBP and EUR.
- Minimum deposit (FCY)
- USD 1,000; EUR 1,000; ZAR 10,000.
- Term options
- Minimum term as prescribed by the bank.
- Interest payment
- Choose interest paid annually or at the end of the term.
How to open this
- Open with KES 50,000
What does it cost you?
| Admin chargeaccount charges (provider says none) | 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 above | Nothing |
What if you stop paying?
There are no monthly payments. Your money stays to maturity.
What if you need the money early?
If you break the deposit early, you lose the interest you had accrued.
Who this suits
You can lock money away for a set term and want a low‑risk return.
You will need the money before the term ends.
What they tell you
- What is the smallest amount you can start with?KES 50,000.
- Do they say who regulates them?Yes — the CMA. That is who you complain to.
Talk to them
- Website: www.absabank.co.ke
- If something goes wrong, the CMA is who supervises them.
Compared with the others
There are 6 other plans of this kind on the board. See all 7 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 28 August 2026
- Taken off each payment you make is now 0%, 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.
“Customer loses interest accrued when they break the deposit before end of agreed tenor or make a partial withdrawal within the tenor of the deposit”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Minimum Amount Kes 50,000 ZAR 10,000 USD 1,000 EUR 1,000”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Minimum balance of KES50,000 is required to open the account”
“*Prevailing rate”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Withholding Tax - currently at 15%.”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22
Where we got this
- Fixed Deposit Savings Account – product pagethe company itselfRead on 2026-08-22
- Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfRead on 2026-08-22