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KCB Bank Kenya

Cub Account

Bank savings account

Grows at
up to 5.95% a year
after their charges

A children’s savings account that earns interest. You can pay in any time.

Hear when this changes

What to watch out for

  • A savings account for children with interest paid on the balance.
  • Opening balance is KES 1,000 and there is no monthly fee.
  • Branch cash withdrawals cost KES 200 per item (KES 5,000 if you withdraw KES 1,000,000 or more in a day).
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 8,846
You'd end up with
KES 350,130
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They do not publish what you would get back if you stopped early.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
Earn up to 7% interest per year on your savings.
Minimum operating balance
KES 1,000.
Monthly fee
Nil monthly maintenance fee.

How to open this

  • Open with KES 1,000

What does it cost you?

Admin chargeMonthly maintenance/ledger feeNothing
Charge for taking money outBranch cash withdrawal (over-the-counter) per item up to KES 999,999KES 200
Charge for taking money outBranch cash withdrawal (over-the-counter) per day cumulative KES 1,000,000 and aboveKES 5,000
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 fee. Your child’s money stays in the account.

What if you need the money early?

You can take out money at a branch. The tariff shows KES 200 per cash withdrawal, or KES 5,000 if your withdrawals that day are KES 1,000,000 or more.

Who this suits

It could work for you if

You want a kids’ account with no monthly charges and a clear interest rate.

Think twice if

You want to make many cash withdrawals at the counter.

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 1,000.
  • Are all their charges published?
    Yes, every charge they mention has a figure against it.

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 7% on this page is the rate KCB Bank Kenya quoted, as at 2026-08-19 — 2 months old.

KCB quotes up to 7% a year on this children's account. It 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 7% 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