Simba Savings Account
Bank savings account
A savings account to grow your money with interest. You can put in cash any time.
Hear when this changes
What to watch out for
- Interest is paid on your savings. The bank quotes it as “up to 7% per year.”
- You must keep at least KES 1,000 in the account.
- KCB’s tariff shows no monthly maintenance fee and charges KES 200 to withdraw cash at a branch (KES 5,000 if you take out KES 1,000,000 or more that day).
The details that matter for this kind of plan
- Interest
- Up to 7% per year (paid on savings).
- Minimum operating balance
- KES 1,000.
- Withdrawals
- Only one withdrawal a month.
- Monthly fee
- Nil monthly maintenance fee.
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?
There is no monthly fee. If you keep the account open, your money stays on 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 simple account with no monthly charge and interest on your balance.
You need to make many cash withdrawals. Only one withdrawal a month is allowed and branch cash withdrawals cost money.
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 of - 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
- Simba Savings 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 2026-09-09
- KRA — Withholding Tax (Interest) ratesthe regulatorRead on 2026-08-22