List of Best Savings Accounts in Kenya

This article outlines a list of the best savings accounts in Kenya. Best Savings accounts in Kenya offer simple and safe alternatives to build your money and reserve funds for upcoming requirements or uses.

Different kinds of savings accounts are offered by a number of banks in Kenya. However, this essay will concentrate on reputable banks that have long provided trustworthy savings accounts.

Here is a list of the top Kenyan savings accounts, in no particular order.

List of Best Savings Accounts in Kenya

1. Puresave


You can save your extra money and increase your financial reserves with the help of the PureSave account. Your money works for you thanks to the product features and excellent interest rates. The interest rate is 3% to 6% depending on the amount.

Requirements include a Copy of your National ID, proof of residence, and a 3 months statement from your current bank or a recent payslip.

2. Zidisha Bonus Account- Absa Bank

This highly regarded savings account rewards you for reaching your savings targets. The higher the number of transactions you make, the more the interest you earn. The annual interest rate is 1.2%.

Requirements include a KRA PIN, National ID/Passport, and 1 passport photo.

Read Best Kids Savings Accounts in Kenya

3. Gold Savings Account- NCBA

Saving with NCBA is a wise financial move because they provide some of the finest interest rates on the market. You can save with a savings account even if you don’t have a current bank account. On sums more than Ksh 5,000, interest is earned. The interest rate is 1.5% to 6% annually depending on the amount.

Benefits include:

A Kshs 2,000 minimum operating balance.
Each month, one withdrawal is free.
Free transfers through online and mobile banking to one’s own current account.
Your interest rate will rise the more you save.
Credits are available indefinitely from cash deposits, money transfers, and standing orders.
Ability to use the internet and mobile banking to manage your account.

4. KCB’s Simba Savings Account

The KCB’s finest savings account is this one. On savings, there is a 5% annual interest charge.


enticing interest rates of up to 5% on yearly deposits.
One withdrawal per month is all.
No fees are applied to funds transferred into the account.
A $1,000 minimum balance is required for opening.

Requirements include a valid Kenyan ID or Passport and KRA Pin.

5. Standard Chartered Bank Safari Savings Account

The savings account allows you to save for a rainy day or something special while earning interest.

Interest rates range from 0.5% to 4.25%.