The bank, however, has a condition, money must remain in the fixed deposit rate account for the agreed period. Currently the displayed interest rate is applicable for a term of 12 months / 1 year fixed period and requires deposits of greater than R 10,000. Customer deposits are protected by the Deposit Protection Fund of Uganda. Experience banking at your fingertips Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. Please check the latest applicable interest rate. Absa bank Kenya is licensed by Central Bank of Kenya (CBK). This is an interest-earning bank deposit account available in local currency and a range of foreign currencies. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. Monitor, move and access your money easily through Online and … Sign up for an account today. Standard Chartered offers some of the cheapest mortgage rates in KEnya so far. The current account balance then goes back to the set threshold. The rate of 7.10% is 0.3% lower than the average 7.4%. For saving deposits, the bank’s minimum interest is 70% of the CBR, hence setting its current fixed deposit rates at a minimum of 6.65%. Here are the best Fixed Deposit Rates in Kenya in 2020. KCB offers a competitive fixed deposit rate for local and foreign currencies. Sitemap | Absa Bank Uganda Limited, company registration number 4227. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. To qualify for this offer, move your salary to Absa and: Invest between R10 000 to R1 000 000; Choose a term between 2 months and 11 months; Choose to access 0% to 10% of your investment The deposit will be redeemed after a fixed term, e.g. Registered Office: Plot 16 Kampala Road, P.O. Fixed: Rate 3.25%: Currency: ZAR: The interest rate indicated is applicable for the ABSA 1 Month deposit product and requires a minimum deposit of greater than R 10,000. Please check the latest applicable interest rate. 1. Please take note. Registered Office: Plot 16 Kampala Road, P.O. The interest rates are driven by the profitability of the banks and the banking policies. Registered in Kenya. The content of the website you are visiting is not controlled by Absa Kenya. Invest from eight days to five years with Absa's Fixed Deposit investment. Grow your money with our Fixed Deposit account. Tell me more. A minimum deposit is required. With some of the best interest rates in the market, saving with NCBA is a smart money decision. The requested site will open in a new window. To open a fixed deposit account, you are required to have a current or savings account with us. ABSA offers fixed deposit products including standard fixed deposits, a prime deposit which is linked to the prime interest rate and islamic deposits. Interest rates:3%-10%. ABSA Bank Fixed Deposit Interest Rates. With this service, balances of one or more of your accounts are swept automatically by the bank, in line with the pre-agreed parameters. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Simply choose the account and cover that suit your business needs. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Ecobank Kenya; Website link: https://www.ecobank.com. ABSA 3 Year Prime Linked Term Deposit: 7.75%. The investment option and your account are both maintained domestically. The deposit will be redeemed after a fixed term, e.g. You are about to leave the Absa Kenya website. Statement of principal interest rates and service charges for domestic operations (last updated on 3 November 2020) We wish to inform our clients and the public in general that our tariff structure for Corporates is being revised and will be effective as from Tuesday 1 December 2020 Standard Chartered Bank Kenya. In this article, I will list financial institutions with the BEST Fixed deposit rates in Kenya. We recommend that you read the privacy policies and terms of the other website. Secure your future with a fixed deposit account with best interest rates from Standard Chartered Bank. As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate. on your savings will have you reach your goal faster. Rate: 0.01 - 99.99: 0.00%: 100.00 - 999.99: 0.05%: 1 000.00 - 4 999.99: 0.05%: 5 000.00 - 14 999.99: 0.05%: 15 000.00 - 24 999.99: 0.05%: 25 000.00 - 49 999.99: 0.55%: 50 000.00 + 0.00% *The rates above are applicable from month 13 onwards. We use cookies to optimise the user experience. The content of the website you are visiting is not controlled by Absa. Sitemap | Absa Bank Kenya PLC. The content of the website you are visiting is not controlled by Absa. The minimum deposit in foreign currency is USD5,000 or the equivalent. The rate of 3.25% is 1.86% lower than the average 5.11%. Also it is 1.68 % lower than the highest rate 8.78 Updated Aug, 2019. on ABSA Bank's secure website. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Box 2971, Kampala, Uganda. Sitemap | Absa Bank Uganda Limited, company registration number 4227. Tell me more. You are about to leave the Absa website. The requested site will open in a new window. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. Also it is the highest rate for … We recommend that you read the privacy policies and terms of the other website. Dynamic Fixed Deposit. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. Annual Interest Rate: 12.5%. ABSA 5 Year Islamic Term Deposit Interest Rate ABSA 5 Year Islamic Term Deposit The rate of 7.80% is 1.72% lower than the average 9.52%. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. Reply • Ray from Kempton Park, South Africa • R: if I invest 1,5 million for 5 years what is the interest rates I will get We use cookies to optimise the user experience. It is a commercial bank here in the country, and a subsidiary of South Africa Absa Group Limited which has branches across 12 countries in Africa. KCB Bank. Absa bank Kenya brand itself as a future-focused bank that is moved by progress and desire to blossom in the digital age. When it comes to fixed deposit rates in Kenya 2018 marked a new beginning for Equity Bank which adjusted its interest rates to mirror the latest Central Bank Rate (CBR) of 9.5%. ABSA Bank Kenya; Website link: https://www.absabank.co.ke. We recommend that you read the privacy policies and terms of … Get free savings and fixed deposit accounts in all major currencies. Sitemap | Absa Bank Kenya PLC. The new interest rates will come into effect immediately. When the amount of a cheque or payment presented to your account exceeds the available balance in the account or has the effect of taking the account balance below the agreed threshold, the auto cover funds are swept in from the call account. 1. Choose your investment term, at a guaranteed fixed interest rate. Deposits are typically placed or redeemed prior to a cut-off time specified by Absa, enabling you to earn a higher rate of interest. The longer the fixed term, the higher the rate of interest paid. Borrow against and up to 95% of your Fixed Deposit amount at nominal rates. You may apply for this account along with another applicant. This account can be used to secure a loan or other banking facility. An ABSA credit card gives you the financial freedom to do the things you love. Close. Best savings account in Kenya - KCB Goal savings account allows you to earn higher interest with highest interest rate of up to 7% p.a. Funds can be swept into an investment option, such as a deposit account or other interest-bearing current account. You are about to leave the Absa website. Q: What is the interest rate for R2 000 000.00 for a12 month senior fixed deposit. Our accounts and services will help cover you against liquidity management risks. Absa Seychelles offers personal, business and corporate banking solutions that will cater to all your unique needs. R1 000. Box 2971, Kampala, Uganda. 30, 60 or 90 days. Here are some recommendable banks with the lowest mortgage interest rates in Kenya. Interest payment. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. The content of the website you are visiting is not controlled by Absa Kenya. This is a convenient and easy method of covering cheques or payments as they are presented into your transaction account for payment. We use cookies to optimise the user experience. Registered in Kenya. The longer the fixed term, the higher the rate of interest paid. Absa tariff guide July 2020. 8 days to 5 years: Fixed or prime-linked interest rate options; Access 10%, 20%, 30%, 40% or 50% of your money immediately; Additional interest on balances less than R100 000 for 12 months and longer (if 55 years or older) Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. Account Details APY Updated; ABSA 5 Year Islamic Term Deposit: 7.80%. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 30, 60 or 90 days. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. Also it is 3.4 % lower than the highest rate 6.65 Updated Aug, 2019 New Gold Value Bundle and Premium Banking customers get a preferential interest rate on the Dynamic Fixed Deposit when they move their salary to Absa. Registered in Kenya. Customer deposits are protected by the Deposit Protection Fund of Uganda. Tell me more. You are about to leave the Absa Kenya website. Diamond Trust Bank; Website link: https://dtbk.dtbafrica.com/ Interest rates:5%-12%. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. Aug, 2019. Our competitive interest rate of up to 6% p.a. Interest rates:3%-10%. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. Enjoy high growth potential for your money with guaranteed returns. Sitemap | Absa Bank Kenya PLC. Absa Bank Uganda Limited is regulated by the Bank of Uganda. The interest rates can go as low as 12.2% with an option for … A fixed deposit account is a savings account that is linked to a specific period of time. 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