Hekima Savings Account
Bank savings account · Regulated by the CMA
A savings account that pays interest and charges no monthly fee. Interest is worked out daily and paid every three months.
Hear when this changes
The details that matter for this kind of plan
- Interest calculation
- Calculated daily, paid quarterly
- Withdrawal limit
- Only one withdrawal per calendar quarter
- Min balances
- Opening Nil; Operating Nil
How to open this
- Open with KES 0
What does it cost you?
| Admin chargemonthly maintenance fee | Nothing |
|---|---|
| Charge for taking money outover-the-counter withdrawal | 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?
You can leave the account with any balance. There is no monthly fee and interest keeps earning when you have money in.
What if you need the money early?
You can make one withdrawal each calendar quarter. Over-the-counter withdrawals cost KES 0. There is no ATM or debit card.
Who this suits
You want a no-fee savings home and you can plan around one withdrawal each quarter.
You need frequent access or you want a debit card.
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.co-opbank.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.
“Interest calculated daily on credit balances and paid quarterly”
“Minimum opening balance – Nil”
“Minimum operating balance – Nil”
“Monthly maintenance fee – Free”
“Over the counter withdrawal for Hekima Savings account Ksh.0”
“Permits only one withdrawal per calendar quarter”
“What are the withholding tax rates? ... Qualifying interest / Interest | 15% | 15% | Final for individuals (from financial institutions listed in the Income Tax Act)”
Where we got this
- Hekima Savings Account – product pagethe company itselfRead on 2026-08-22
- Co-op Bank Tariff Guide (9 June 2025)the company itselfRead on 2026-08-22
- KRA – Withholding Tax: rates including interestthe regulatorRead on 2026-08-22