KCB Bank Kenya
Fixed Deposit Account
Fixed deposit
What is this?
A fixed deposit. You put in a lump sum for a set time for a fixed return.
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. |
What does it cost you?
| Penalty for taking money out early | 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.
How openly does this company explain its charges?
DHides more than it shows
4 of 8 answered
- What do they charge you every year?This kind of charge does not exist on this product.
- What is taken off the money you pay in?This kind of charge does not exist on this product.
- 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 50,000.
- 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 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.
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 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