KCB Bank Kenya
Fixed Deposit Account
Fixed deposit
A fixed deposit. You put in a lump sum for a set time for a fixed return.
Hear when this changes
What to watch out for
- A fixed-term deposit where the rate is agreed with the bank. Minimum KES 50,000.
- Terms range from 1 day to 12 months.
- If you withdraw before maturity you lose all the interest.
The details that matter for this kind of plan
- Term options
- 1 day to 12 months.
- Early break
- If you break early you forfeit all accrued interest.
How to open this
- Open with KES 50,000
What does it cost you?
| Penalty for taking money out earlyEarly withdrawal permitted only if all accrued interest is forfeited. | Nothing |
|---|---|
| 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 above | Nothing |
What if you stop paying?
There are no monthly payments. Your money stays until maturity.
What if you need the money early?
You can break the deposit but you lose all interest earned.
Who this suits
It could work for you if
You want a safe place for a lump sum for up to a year.
Think twice if
You might need the cash early. Breaking it loses the interest.
What they tell you
- What is the smallest amount you can start with?KES 50,000.
- Are all their charges published?Yes, every charge they mention has a figure against it.
Talk to them
- Website: ke.kcbgroup.com
Compared with the others
There are 6 other plans of this kind on the board. See all 7 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.
“19.1.3 The rate of interest will be fixed at the time of issue of the Term Deposit. ... 19.1.4 Early withdrawals from Term Deposits will be permitted on condition that the entire interest accrued will be forfeited.”
“Rates & Fees* • Minimum amount of Kes 50K. • Tenure: one day to 12 months. • Rate: as released by the bank from time to time.”
“Qualifying interest / Interest — 15%”
Where we got this
- Fixed and Short-Term Deposits — MSMEthe company itselfRead on 2026-08-22
- KCB Bank Kenya — Terms and Conditions (Personal Accounts)the company itselfRead on 2026-08-22
- KRA — Withholding Tax (Interest) ratesthe regulatorRead on 2026-08-22