The investment option and your account are both maintained domestically. Sign up for an account today. 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. Get a free Absa Junior Savings Account at rates from 7% per annum. You are about to leave the Absa Kenya website. 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. 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 The deposit will be redeemed after a fixed term, e.g. The new interest rates will come into effect immediately. 1. 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. Please check the latest applicable interest rate. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. The content of the website you are visiting is not controlled by Absa. Here are the best Fixed Deposit Rates in Kenya in 2020. Registered in Kenya. Sitemap | Absa Bank Uganda Limited, company registration number 4227. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. KCB offers a competitive fixed deposit rate for local and foreign currencies. Q: What is the interest rate for R2 000 000.00 for a12 month senior fixed deposit. Absa Bank Uganda Limited is regulated by the Bank of Uganda. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. Registered Office: Plot 16 Kampala Road, P.O. 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. Please take note. To open a fixed deposit account, you are required to have a current or savings account with us. Interest rates:3%-10%. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. You need a minimum deposit of Rs100,000. Please download the Retail and Business Banking Tariffs and Local Currency Account Tariff Guide here. Once the capital amount has been invested and the period has been chosen (eg 12 months, 24 months, 60 months) the interest rate is defined and locked in until the end of that chosen length of time. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. Simply choose the account and cover that suit your business needs. Diamond Trust Bank; Website link: https://dtbk.dtbafrica.com/ Interest rates:5%-12%. Sitemap | Absa Bank Kenya PLC. Please check the latest applicable interest rate. Experience banking at your fingertips 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) As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. Get free savings and fixed deposit accounts in all major currencies. Absa Bank Kenya PLC is regulated by the Central Bank of 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 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 Registered in Kenya. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. We recommend that you read the privacy policies and terms of the other website. 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. Tell me more. Tell me more. Deposits are typically placed or redeemed prior to a cut-off time specified by Absa, enabling you to earn a higher rate of interest. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. The rate of 3.25% is 1.86% lower than the average 5.11%. We use cookies to optimise the user experience. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Absa tariff guide July 2020. Our accounts and services will help cover you against liquidity management risks. Absa bank Kenya brand itself as a future-focused bank that is moved by progress and desire to blossom in the digital age. Customer deposits are protected by the Deposit Protection Fund of Uganda. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. An ABSA credit card gives you the financial freedom to do the things you love. 30, 60 or 90 days. Annual Interest Rate: 12.5%. ABSA Bank Fixed Deposit Interest Rates. Monitor, move and access your money easily through Online and … Enjoy high growth potential for your money with guaranteed returns. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. A minimum deposit is required. With some of the best interest rates in the market, saving with NCBA is a smart money decision. 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%. Our competitive interest rate of up to 6% p.a. This account can be used to secure a loan or other banking facility. Borrow against and up to 95% of your Fixed Deposit amount at nominal rates. Secure your future with a fixed deposit account with best interest rates from Standard Chartered Bank. 1. Registered in Kenya. You may apply for this account along with another applicant. This is a convenient and easy method of covering cheques or payments as they are presented into your transaction account for payment. Registered Office: Plot 16 Kampala Road, P.O. The longer the fixed term, the higher the rate of interest paid. Standard Chartered offers some of the cheapest mortgage rates in KEnya so far. 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%. We use cookies to optimise the user experience. Also it is the highest rate for … The deposit will be redeemed after a fixed term, e.g. Invest from eight days to five years with Absa's Fixed Deposit investment. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. The minimum deposit in foreign currency is USD5,000 or the equivalent. 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. The content of the website you are visiting is not controlled by Absa. This is an interest-earning bank deposit account available in local currency and a range of foreign currencies. Box 2971, Kampala, Uganda. We recommend that you read the privacy policies and terms of the other website. 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%. You are about to leave the Absa Kenya website. Also it is 1.68 % lower than the highest rate 8.78 Updated Aug, 2019. on ABSA Bank's secure website. R1 000. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. The requested site will open in a new window. KCB Bank. Interest rates:3%-10%. 30, 60 or 90 days. Tell me more. Funds can be swept into an investment option, such as a deposit account or other interest-bearing current account. Sitemap | Absa Bank Uganda Limited, company registration number 4227. We recommend that you read the privacy policies and terms of … The rate of 7.10% is 0.3% lower than the average 7.4%. You are about to leave the Absa website. Ecobank Kenya; Website link: https://www.ecobank.com. Grow your money with our Fixed Deposit account. With this service, balances of one or more of your accounts are swept automatically by the bank, in line with the pre-agreed parameters. The current account balance then goes back to the set threshold. Absa bank Kenya is licensed by Central Bank of Kenya (CBK). Sitemap | Absa Bank Kenya PLC. 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. ABSA 3 Year Prime Linked Term Deposit: 7.75%. Interest rates:5%-12%. Sitemap | Absa Bank Kenya PLC. The interest applies to local and foreign currencies; and will only be accrued if the money remains in the account for the agreed tenor. Standard Chartered Bank Kenya. ABSA offers fixed deposit products including standard fixed deposits, a prime deposit which is linked to the prime interest rate and islamic deposits. The interest rates can go as low as 12.2% with an option for … This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. The bank, however, has a condition, money must remain in the fixed deposit rate account for the agreed period. Close. Absa Bank Uganda Limited is regulated by the Bank of Uganda. ABSA Bank Kenya; Website link: https://www.absabank.co.ke. 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. on your savings will have you reach your goal faster. Account Details APY Updated; ABSA 5 Year Islamic Term Deposit: 7.80%. Box 2971, Kampala, Uganda. Dynamic Fixed Deposit. Here are some recommendable banks with the lowest mortgage interest rates in Kenya. The requested site will open in a new window. You are about to leave the Absa website. Customer deposits are protected by the Deposit Protection Fund of Uganda. In this article, I will list financial institutions with the BEST Fixed deposit rates in Kenya. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Choose your investment term, at a guaranteed fixed interest rate. Interest payment. 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