High Yield Deposit Account
Fixed deposit
A higher‑minimum fixed deposit. You place at least KES 1M for 1, 2 or 3 years. Interest pays monthly.
Hear when this changes
The details that matter for this kind of plan
- Minimum deposit
- KES 1,000,000
- Term options
- 1, 2 or 3 years
- Interest payout
- Monthly, paid to a current account
- Early break cost
- Forfeit one month interest; no interest payable since last interest date
- Pricing basis
- Discounted versus similar‑tenor government paper; rates published quarterly by Treasury
How to open this
- Open with KES 1,000,000
What does it cost you?
| Penalty for taking money out earlyEarly liquidation: forfeit one month interest; no interest paid after last interest date | 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 top‑ups. Your money stays to the end of the term.
What if you need the money early?
If you break it, the bank deducts one month of interest. You also lose any interest since the last payout date.
Who this suits
You hold a large cash balance and want monthly income.
You may need the cash mid‑term or want a fixed public rate.
What they tell you
- What is the smallest amount you can start with?KES 1,000,000.
- Are all their charges published?Yes, every charge they mention has a figure against it.
Talk to them
- Website: ncbagroup.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.
“Fixed Deposits — Flexible interest payment options, allowing interest to be paid at different intervals or upon maturity.”
“Fixed Deposits — Minimum Investment Term — One Month”
“Fixed Deposits — Minimum Operating Balance — KES 100,000”
“High Yield Account — Available tenure : 1, 2 & 3 Years”
“High Yield Account — Interest Payout Frequency: Monthly”
“High Yield Account — Operating Balance — KES 1M”
“High Yield Account — Penalty on Liquidation Before Maturity: Forfeiture of one month interest – one month interest will be deducted prior to release of the funds back to the customer. Interest earned for the period between the last interest payment date and the liquidation date will not be payable.”
“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 – Deposit Accounts (Fixed, Call, High Yield)the company itselfRead on 2026-08-22
- Read on 2026-08-22