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To apply for SBM Platinum Saver Account, visit any SBM (K) Branch to fill in an account opening form with the following:
The recommended account opening balance is KES. 100,000. We however encourage customers to take up the solution by depositing any amount and grow their balances to Kes.100,000 or more to enjoy the 11% p.a interest.
You will earn an interest of 4% p.a until such a time when your balances will get to Kes 100,000 threshold or more.
The minimum operating balance is KES 100,000.00.
Your account will earn an interest of 4% for all the days within the month of breach and will be tracked for a period of 90 days. The 11% interest rate will resume in the new month post the 90 day breach period provided account balance is maintained at KES. 100,000 and above.
The Platinum Saver account is open to individual and business customers.
The Platinum Saver account is not a transactional account and therefore outgoing funds transfer services such as EFT, Pesalink, RTGS and Cheques are not available. Customers will however be allowed to make internal transfers to their own transactional current account within SBM. Customers will be able to pay into their Platinum Saver accounts through RTGS, EFT and Pesalink or even deposit cheques.
The options available to send money to your Platinum Savings Account are:
> Enter
M-Pesa PIN and the transfer will complete to your account
Withdrawals on the account are restricted to one every quarter. The account will earn an interest of 4% if the number of quarterly withdrawals are more than 1.