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Put money away and watch it grow in service of your dreams and aspirations. Enjoy the best interest rates and features that allow your money to multiply. Instant Saver Account is a stand-alone savings account, for anyone looking to open an interest earning individual account.

Why choose the Instant Saver Account

No monthly ledger fees are charged

Account is available in all major currencies: KES,USD,GBP,EUR

Interest is credited into the account quarterly

Gives access to seamless branchless banking through ATMs, POS, Agency Banking, Online and Mobile banking

Allows you to send money fast worldwide through multiple money transfer channels such as Telegraphic Transfers (TTs), Real Time Gross Settlement (RTGS), MoneyGram, Transfast, Xoom, Mukuru and Xpress Money

Eligibility / Documents Required

  • A duly filled account opening form
  • An original and copy of your Kenyan National ID/Passport/Alien ID
  • 2 colored passport size photos
  • Your KRA PIN
  • 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

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Rates & Fees

  • Standing order - Kes. 300
  • Bankers cheque - Kes. 400
  • Counter withdrawal charge - Kes. 200

Find out more about SBM Products

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Reach us on

+254 (0) 709 800 000
Instant Saver Account