Foreign Currency Savings Account
Bank savings account · Regulated by the CMA
A USD or GBP savings account. It pays interest monthly and has no monthly fee.
Hear when this changes
What to watch out for
- KFD shows these savings accounts are for inter‑account transfers only; other transaction types are restricted. Rates vary by the bank’s prevailing rates and are not listed on the site.
The details that matter for this kind of plan
- Currencies
- Available in USD and GBP.
- Interest payment
- Interest paid monthly.
- Minimum balance
- No minimum balance required.
- Monthly fee
- No charges applicable.
How to open this
- Open with USD 0
What does it cost you?
| Admin chargemonthly fee (provider states no 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 above | Nothing |
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 accounts. Other transactions are restricted.
Who this suits
You want to hold money in USD or GBP and earn interest.
You want a KES account or many branch transactions.
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
- Website: www.absabank.co.ke
- If something goes wrong, the CMA is who supervises 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.
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.
“1 (ONE) Free Counter withdrawal permitted per calendar month”
“Charges or Fees: None”
“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“Interest paid monthly”
“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 Amount: Nil”
“No charges applicable”
“No minimum balance required”
“*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
- Foreign Currency Savings Account – product pagethe company itselfRead on 2026-08-22
- Key-Fact Document – Savings Accounts (Personal & Business)the 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