Cub Account
Bank savings account
What is this?
A children’s savings account that earns interest. You can pay in any time.
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. |
What does it cost you?
| Admin charge | Nothing |
|---|---|
| Charge for taking money out | KES 200 |
| Charge for taking money out | KES 5,000 |
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
You want a kids’ account with no monthly charges and a clear interest rate.
You want to make many cash withdrawals at the counter.
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 1,000.
- 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?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.
Things to know before you sign
- · 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).
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.
“Cash Withdrawal (LCY) - Customer over-the-counter — For amounts upto KShs. 999,999 — KES 200; For daily cumulative amounts of KShs. 1,000,000=00 and above — KES 5,000”
KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfread 2026-08-22“Rates & Fees* • Affordable opening balance - Kes 1,000.”
“SAVINGS ACCOUNT — Cub Account — Minimum Operating Balance — KES 1,000”
KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfread 2026-08-22“SAVINGS ACCOUNT — Goal Account — Mininmum Balance — Nil; Maintenance Fee — Nil”
KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfread 2026-08-22“SAVINGS ACCOUNT — Simba Savings Account — Minimum Opening Balance — KES 1,000”
KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfread 2026-08-22“Qualifying interest / Interest — 15%”
Where we got this
- Cub Account — KCB Bank Kenyathe company itselfRead on 2026-08-22
- KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfRead on 2026-08-22
- KRA — Withholding Tax (Interest) ratesthe regulatorRead on 2026-08-22