Junior Savings Account
Bank savings account
A savings account for a minor. You run it for them and earn daily interest.
Hear when this changes
The details that matter for this kind of plan
- Minimum operating balance
- KES 2,000
- Minimum interest-earning balance
- KES 5,000
- Interest calculation and payout
- Interest calculated daily; paid quarterly
- Free withdrawals
- One free withdrawal per month; OTC withdrawals thereafter per tariff
- Rate is tiered by balance
- The more you save, the higher your rate (no public rate card)
What does it cost you?
| Admin chargeper month (ledger/maintenance fee) | Nothing |
|---|---|
| Penalty for taking money out earlyeach over-the-counter cash withdrawal up to KES 80,000 (first withdrawal per month free as per product page) | KES 100 |
| Penalty for taking money out earlyeach over-the-counter cash withdrawal above KES 80,000 and below KES 1,000,000 | KES 325 |
| 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?
The account stays open if you keep the minimum balance. Interest is paid on balances from KES 5,000.
What if you need the money early?
You get one free withdrawal each month. After that, branch withdrawals are charged as per the tariff.
Who this suits
You want a simple child account with no monthly fee and e‑statements.
You need many cash withdrawals or a published interest rate you can lock in.
What they tell you
- What is taken off the money you pay in?Nothing. They state there is no charge here.
- 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 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 (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 2026-09-03
- NCBA Kenya – Tariff Guide (Final Tariff-Guide-A3 Original 05.26)the company itselfRead on 2026-08-22
- Read on 2026-08-22