Hekima Savings Account
Bank savings account · Regulated by the CMA
What is this?
A savings account that pays interest and charges no monthly fee. Interest is worked out daily and paid every three months.
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 |
What does it cost you?
| Admin charge | Nothing |
|---|---|
| Charge for taking money out | 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.
How openly does this company explain its charges?
- What do they charge you every year?No yearly charge is printed in the sources we checked.
- What is taken off the money you pay in?They do not say how much of each payment is taken before it is invested.
- What does it cost to get out early?No exit penalty is printed in the sources we checked.
- What is the smallest amount you can start with?KES 0.
- How long is your money tied up?They do not say how long you are tied in.
- Is the advertised return before or after their charges?This product does not advertise a return.
- Do they warn you the return is not guaranteed?This kind of product does not advertise a return.
- Do they tell you what you get back if you stop early?You get whatever your money is worth on the day. There is no schedule.
- Do they list what is not covered?This is not insurance, so there is nothing to exclude.
- 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.
This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.
Talk to them
- If something goes wrong, the CMA is who supervises them.
Compared with the others
There are 23 other plans of this kind on the board. See all 24 side by side — what each one leaves you with, and which of them will not say.
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