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Absa Bank Kenya PLC

Timiza Goal Savings Account

Bank savings account · Regulated by the CMA

A mobile wallet savings run by Absa. It pays a fixed 6% a year, paid every quarter.

Hear when this changes

The details that matter for this kind of plan

Interest rate
6% per year, paid quarterly into your wallet/account.
Channel fees
Deposits and withdrawals via M-Pesa attract M-Pesa charges as per the Timiza tariff guide.

What does it cost you?

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 aboveNothing

What if you stop paying?

Nothing is due. Your savings stay in the wallet and earn interest.

What if you need the money early?

You can withdraw any time to M-Pesa. Mobile money charges apply.

Who this suits

It could work for you if

You bank by phone and want a simple set rate.

Think twice if

You want a branch account or a debit card.

What they tell you

  • What is taken off the money you pay in?
    Nothing. They state there is no charge here.
  • Do they say who regulates them?
    Yes — the CMA. That is who you complain to.

Talk to them

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.

Where we got this