Smart savings

for smarter investments.

With competitive interest rates in the market, the Platinum Saver Account offers you 11% p.a. on your savings.

Interest paid monthly for amounts above Kes. 100,000

Ideal for short to medium savings plans to achieve your goals.

Start saving now

Smart savings

for smarter investments.

With competitive interest rates in the market, the Platinum Saver Account offers you 11% p.a. on your savings.

Interest paid monthly for amounts above Kes. 100,000

Ideal for short to medium savings plans to achieve your goals.

Start saving now

Why choose the SBM Platinum Saver Account

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Incomparable Interest Rates

Earn an interest rate of 11% per annum

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Payment Terms

Interest earned credited to the account monthly.

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Interest Earning Balance

Earn an interest of 4% p.a. on balances below Kes. 100,000.

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Available Currency

The account operates in Kenya shillings only

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Withdrawal Frequency

One withdrawal per quarter without penalty

Eligibility / Documents Required

  • Duly filled account opening form
  • Original Kenyan national ID card and copy or
  • Original and copy of valid passport
  • Valid VISA
  • Alien Certificate, work permits/dependent pass/student pass/internship or
    research pass/certificate of permanent residence
  • KRA PIN
  • 2 passport size colored photos
  • Indication of next of kin
  • A utility bill
  • Proof of source of funds

 

In addition, for foreigners:

  • Signed Foreign Account Tax Compliance Act (Kenyans living in US and US Citizens) / Common Reporting Standard forms (Kenyans living abroad and foreigners)
  • Your visa/work permit/alien certificate

Rates & Fees

 

 

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Open SBM Platinum Saver Account Online