Goal Savings Account
Bank savings account
A goal account where you lock money for a set time and earn interest.
Hear when this changes
What to watch out for
- A target savings account where you lock money for a set period.
- The bank does not publish a numeric rate on this page.
- No monthly fee. Cash withdrawals at the counter cost KES 200 per item (KES 5,000 if KES 1,000,000+ in a day).
The details that matter for this kind of plan
- Interest
- Bank says “most competitive interest rates” on this page (no numeric rate published).
- Savings period
- Lock savings for 6 months to 5 years.
- Monthly fee
- Nil monthly maintenance fee.
- Minimum balance to keep
- Nil.
How to open this
- Open with KES 1,000
What does it cost you?
| Admin chargeMonthly maintenance/ledger fee | Nothing |
|---|---|
| Charge for taking money outBranch cash withdrawal (over-the-counter) per item up to KES 999,999 | KES 200 |
| Charge for taking money outBranch cash withdrawal (over-the-counter) per day cumulative KES 1,000,000 and above | KES 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 above | Nothing |
What if you stop paying?
No monthly fee. Your money stays in the account until maturity.
What if you need the money early?
You can ask to take out money before the end, but the bank does not publish how they handle this on the page. Ask before you lock in.
Who this suits
You want to save for a plan with a fixed period, like school fees or a project.
You need to dip into the money often. This account is meant to stay locked.
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
- Website: ke.kcbgroup.com
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.
“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 2026-09-09“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 2026-09-09“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 2026-09-09“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 2026-09-09“Qualifying interest / Interest — 15%”
Where we got this
- Goal Savings Account — KCB Bank Kenyathe company itselfRead on 2026-09-09
- KCB Tariff Guide — Summary minimum rates, commissions and interest (effective April 2026)the company itselfRead on 2026-09-09
- KRA — Withholding Tax (Interest) ratesthe regulatorRead on 2026-08-22