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Equity Bank (Kenya) Limited

Jijenge Account

Bank savings account

What is this?

A target savings account. You pay in at least KSh 300 a month toward a goal.

The details that matter for this kind of plan

Partial withdrawalsNo partial withdrawal during the lock period.

What does it cost you?

Admin chargeNothing

What if you stop paying?

The bank does not charge a monthly fee. Your savings stay in the account.

What if you need the money early?

You cannot withdraw part of the money during the lock period. Early closure terms are not published in the current tariff.

Who this suits

It could work for you if

You want a simple goal account and can save a set amount each month.

Think twice if

You may need the money before six months.

How openly does this company explain its charges?

DHides more than it shows4 of 9 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 300.
  • How long is your money tied up?
    6 months.
  • 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?
    They do not say who supervises them.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

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