Smart savings

for smarter investments.

SBM Platinum Saver Account offers competitive interest rates and is designed to support your short to medium-term financial goals. It’s the perfect choice if you’re looking for the best savings account in Kenya.

Start saving now

Smart savings

for smarter investments.

SBM Platinum Saver Account offers competitive interest rates and is designed to support your short to medium-term financial goals. It’s the perfect choice if you’re looking for the best savings account in Kenya.

Start saving now

Why choose the SBM Platinum Saver Account

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Incomparable Interest Rates

Earn interest at a rate of 9% p.a. on a KES account, and 4% p.a. on a USD, EUR, or GBP account.

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Payment Terms

Interest is credited to the account monthly.

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Interest Earning Balance

A KES account earns interest of 4% p.a. on balances below Kes. 100,000, while a USD, EUR or GBP account earns interest of 3% on balances below 1,000 on each currency.

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Available Currency

You can now open the SBM Platinum Saver Account in either Kenya Shillings (KES), US Dollar (USD), Sterling Pound (GBP) or Euro (EUR) depending on your savings preference.

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Withdrawal Frequency

You can make one withdrawal per quarter without penalty.

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What is the account opening balance?

The recommended account opening balance is KES. 100,000, and 1,000 for USD, GBP, or EUR accounts, respectively. However, you can start by depositing any amount and grow your balance to Kes. 100,000, or USD, GBP and EUR 1,000 and more to enjoy the best interest rates.

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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SBM Platinum Saver Account - Best Savings Account in Kenya for Your Financial Goals