NCBA Bank Kenya PLC
Gold Savings Account
Bank savings account
What is this?
A basic savings account. You earn interest that is worked out daily.
The details that matter for this kind of plan
| Minimum operating balance | KES 2,000 |
|---|---|
| Minimum interest-earning balance | KES 5,000 |
| Interest calculation | Interest calculated daily (payout frequency not stated) |
| Withdrawals | Site says 'no fees and free OTC withdrawals'; tariff lists OTC fees — we follow the tariff. |
| Rate is tiered by balance | The more you save, the higher your rate (no public rate card) |
What does it cost you?
| Admin charge | Nothing |
|---|---|
| Penalty for taking money out early | KES 100 |
| Penalty for taking money out early | KES 325 |
What if you stop paying?
The account stays open if you keep the minimum balance. You earn interest on balances from KES 5,000.
What if you need the money early?
Branch cash withdrawals are charged as per the tariff.
Who this suits
It could work for you if
You want a no‑monthly‑fee account and plan to keep money above KES 5,000.
Think twice if
You need unlimited free cash withdrawals or a public rate card.
How openly does this company explain its charges?
DHides more than it shows
6 of 13 answered
- 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- What is the smallest amount you can start with?They do not publish a minimum. You have to ask an agent.
- 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.
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 (OTC) Consumer Banking — Amounts above Kshs 80,000 and below Kshs 1M — KES. 325”
“Cash Withdrawal (OTC) Consumer Banking — Amounts below 80,000 — KES. 100”
“Gold Savings — Earn interest on amounts over KES 5,000.”
“Gold Savings — Earn interest on amounts over KES 5,000 and enjoy no fees and free withdrawals over the counter.”
“Gold Savings — Interest Rate: Calculated Daily.”
“Gold Savings — Minimum Operating Balance: KES 2000.”
“Junior Savings — 1 free withdrawal per month.”
“Junior Savings — Credit interest rate is calculated daily and paid to the account on a quarterly basis.”
“Junior Savings — Earn interest on amounts over KES 5,000.”
“Junior Savings — Minimum Operating Balance: KES 2000.”
“Premier Savings — Interest rates are calculated daily and is paid to the account on a quarterly basis.”
“Premier Savings — KES 100,000 minimum operating balance.”
“Premier Savings — Save with NCBA and earn interest on amounts over Kes. 100,000 with this account. Enjoy no fees and free over-the-counter withdrawals.”
“SAVINGS ACCOUNT — Ledger Fee — Nil”
“Term Deposit liquidation prior to maturity — Total interest is forfeited — KES 5,000.00 Flat fee”
“What are the withholding tax rates? ... Qualifying interest / Interest — 15% (resident) — 15% (non-resident) — Final for individuals (from financial institutions listed in the Income Tax Act).”
Where we got this
- NCBA Kenya – Savings Accounts (Junior, Gold, Premier)the company itselfRead on 2026-08-22
- NCBA Kenya – Tariff Guide (Final Tariff-Guide-A3 Original 05.26)the company itselfRead on 2026-08-22
- Read on 2026-08-22