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The Legacy Plus Fixed Deposit (FD) Account is a fixed-term investment product designed specifically for individuals aged 50 years and above. It offers guaranteed returns, monthly interest payouts, and secure capital growth, making it ideal for those seeking stable income and financial peace of mind.

• Guaranteed monthly income through interest payouts.
• Higher interest rates than regular savings and FD accounts.
• Available in multiple currencies (KES, USD, EUR, GBP).
• Access to overdraft (OD) facility backed by your deposit.
• Capital preservation with low risk.

• Individuals aged 50 years and above.
• Must be an SBM Bank account holder (new customers must meet standard KYC requirements).

The recommended minimum deposit is KES 1 million or the equivalent in USD, EUR, or GBP. However, lower amounts may be considered on a case-by case basis.

You can open the Legacy Plus FD in the following currencies:

• Kenyan Shilling (KES)
• US Dollar (USD)
• Euro (EUR)
• British Pound (GBP)

• Interest is credited monthly to your preferred SBM transactional or savings account.
• The principal remains invested until maturity, ensuring steady income during the term.

Upon maturity, you may:

• Renew the fixed deposit for a new term.
• Withdraw both the principal and any remaining interest into your SBM account.

Yes, but:

• Early withdrawal is subject to terms and approval by your branch manager.
• It is typically only allowed in emergency cases.
• No penalties may apply if approved under such
  circumstances.

Yes.

• You may access an Overdraft (OD) facility against your fixed deposit.
• The OD is offered at a markup of 2–3% above your deposit rate.
• It provides convenient access to funds without breaking your FD.

Yes.
A 15% withholding tax applies to the interest earned, in line with Kenyan tax regulations.