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The Co-operative Bank of Kenya Ltd

Jumbo Junior (Children’s Account)

Bank savings account · Regulated by the CMA

Grows at
up to 5.1% a year
after their charges

A children’s savings account for under‑18s. It pays interest up to a published cap and has no monthly fee.

Hear when this changes

Try your own numbers
How

If you put in KES 5,000 a month for 5 years

You pay in
KES 300,000
Charges take
KES 0
Tax takes
KES 7,473
You'd end up with
KES 342,348
If you stop after 2 years instead

You would have paid in KES 120,000.

They do not publish what you would get back if you stopped early. You would have to ask them.

  • · Based on paying KES 5,000 a month for 5 years.
  • · They advertise this as a maximum. The real figure can be lower.
  • · 15% tax comes off the interest before you get it. They do not say if their rate already allows for it, so we took it off.
  • · The value goes up and down. This is not a promise.
  • · Worked out from the company's own published figures.

The details that matter for this kind of plan

Interest
Interest rate up to 6% (tiers not published)
Balances
Minimum opening/operating balance KES 500
Card
Debit card optional @ KES 600 (one‑off)

How to open this

  • Open with KES 500

What does it cost you?

Admin chargemonthly maintenance feeNothing
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 aboveNothing

What if you stop paying?

You can leave the money in the account. There is no monthly fee and interest can keep building.

What if you need the money early?

The bank does not publish a per‑withdrawal charge on the page. A debit card is optional at KES 600.

Who this suits

It could work for you if

You want to save for a child and keep costs low.

Think twice if

You want adult features or you need detailed interest tiers up front.

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 500.
  • 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

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.

How current is this rate?

The up to 6% on this page is the rate The Co-operative Bank of Kenya Ltd quoted, as at 2026-08-19 — 2 months old.

Co-operative Bank quotes up to 6% a year on this account and does not publish the balance tiers that decide which rate applies, or whether the figure is before or after the 15% tax on interest.

What has changed here

  • 28 August 2026
    • Taken off each payment you make is now 0%, and was not published before
    • The quoted rate is now 6% a year, 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.

Where we got this