Absa Bank Kenya PLC
La Riba Junior Savings
Bank savings account · Regulated by the CMA
An Islamic savings account for children.
Hear when this changes
The details that matter for this kind of plan
- Cards and chequebook
- No debit card or chequebook issued.
- Monthly fee
- No monthly maintenance fee.
What does it cost you?
| Admin chargemonthly maintenance fee (provider states none) | Nothing |
|---|---|
| Admin chargescheduled statement | KES 125 |
| 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. The money stays in the account and may keep earning profit.
What if you need the money early?
You can deposit and withdraw at the branch. No card or chequebook is issued.
Who this suits
It could work for you if
You want an Islamic junior account with no monthly fee.
Think twice if
You need a debit card or a chequebook.
What they tell you
- What is taken off the money you pay in?Nothing. They state there is no charge here.
- 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.
“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“No monthly maintenance fee”
“*Prevailing rate”
Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfread 2026-08-22“Scheduled statements – KES125”
“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
- La Riba Junior Savings – Islamic banking product pagethe company itselfRead on 2026-09-09
- Key-Fact Document – Fixed Deposit Accounts (Personal & Business; La Riba and Conventional)the company itselfRead on 2026-08-22