Mdosi Junior Account
Bank savings account · Regulated by the CMA
What is this?
A savings account for children under 12, run by a parent or guardian. It earns interest once the balance is high enough.
The details that matter for this kind of plan
| Minimum operating balance | KES 1,000. |
|---|---|
| Minimum interest earning balance | KES 5,000. |
| Withdrawals | 3 free withdrawals per year; then KES 200 per extra withdrawal. |
| Monthly fee | Nil monthly ledger fee. |
What does it cost you?
| Admin charge | Nothing |
|---|---|
| Charge for taking money out | KES 200 |
What if you stop paying?
There is no monthly ledger fee. The account can stay open and keep earning interest.
What if you need the money early?
You get 3 free withdrawals a year. After that the bank charges KES 200 per extra branch withdrawal.
Who this suits
You want a child’s account with no monthly fee and a low balance to earn interest.
You expect to make many cash withdrawals each year.
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 200.
- 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.
“Diaspora Accounts Mkenya Daima savings account Interest payable quarterly on an average monthly balance of 20,000 Kes (or FCY equivalent)”
“### Features * 3 Free withdrawals per year * Interest earning balance of only KES 5,000/= * Loans of up to 90% of the amount in the Mdosi Junior Account ### Benefits * ... * No ledger fees charged ### Requirements * Opening balance of KES 200 or KES 1,000 (for your child to start using Henry or Hannah Hippo Bank immediately)”
“Group/Chama Account Opening Balance 2,000 Minimum Operating Balance 2,000 Minimum Interest Earning Balance Kes.20,000 Ledger Fees Nil”
“Mdosi Junior Account Opening Balance 200 Minimum Operating Balance 1,000 Minimum Interest Earning Balance Kes. 5,000; USD 100 Withdrawal over-the-counter 3 free withdrawals; 200 per extra withdrawal Ledger Fees Nil”
“Tujenge Account Opening Balance 200 Minimum Operating Balance 400 Minimum Interest Earning Balance Kes. 10,000; USD150 Withdrawal over-the-counter 4 free withdrawals; Kes. 200 per extra withdrawal Ledger Fees Nil”
“Interest (Bank) | 15% | 15%”
Where we got this
- Family Bank Tariff Guide (as at January 2026)the company itselfRead on 2026-08-22
- Mdosi Junior Account — Family Bankthe company itselfRead on 2026-08-22
- Read on 2026-08-22