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Family Bank Limited

Mdosi Junior Account

Bank savings account · Regulated by the CMA

A savings account for children under 12, run by a parent or guardian. It earns interest once the balance is high enough.

Hear when this changes

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.

How to open this

  • Open with KES 200

What does it cost you?

Admin chargeMonthly maintenance/ledger feeNothing
Charge for taking money outOver-the-counter withdrawal beyond the 3 free withdrawals per year (per extra)KES 200
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?

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

It could work for you if

You want a child’s account with no monthly fee and a low balance to earn interest.

Think twice if

You expect to make many cash withdrawals each year.

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 200.
  • 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

  • Website: familybank.co.ke
  • If something goes wrong, the CMA is who supervises 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.

What has changed here

  • 28 August 2026
    • Taken off each payment you make is now 0%, 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.

  • “Diaspora Accounts Mkenya Daima savings account Interest payable quarterly on an average monthly balance of 20,000 Kes (or FCY equivalent)”
    Family Bank Tariff Guide (as at January 2026)the company itselfread 2026-09-04
  • “### 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)”
    Mdosi Junior Account — Family Bankthe company itselfread 2026-09-04
  • “Group/Chama Account Opening Balance 2,000 Minimum Operating Balance 2,000 Minimum Interest Earning Balance Kes.20,000 Ledger Fees Nil”
    Family Bank Tariff Guide (as at January 2026)the company itselfread 2026-09-04
  • “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”
    Family Bank Tariff Guide (as at January 2026)the company itselfread 2026-09-04
  • “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”
    Family Bank Tariff Guide (as at January 2026)the company itselfread 2026-09-04
  • “Interest (Bank) | 15% | 15%”
    KRA Withholding Tax — Individual Withholding Tax rates (Interest)the regulatorread 2026-08-22

Where we got this