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The Co-operative Bank of Kenya Ltd

Jumbo Junior (Children’s Account)

Bank savings account · Regulated by the CMA

What is this?

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

The details that matter for this kind of plan

InterestInterest rate up to 6% (tiers not published)
BalancesMinimum opening/operating balance KES 500
CardDebit card optional @ KES 600 (one‑off)

What does it cost you?

Admin chargeNothing

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.

How openly does this company explain its charges?

DHides more than it shows6 of 11 answered
  • 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 500.
  • 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.

Where we got this