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Any plans to buy property, contribute capital for a business or make investments back at home? Our competitive rates and advisory services make Simba Savings.

Benefits

Bank in Foreign Currencies

This is a savings account that can be operated in KES/EUR/USD/CAD/CHF/AUD/ZAR/GBP.

Competitive interest rate

The interest rate varies up to 6% p.a

Unrestricted deposits

No restriction on the number of deposits that can be made into your account.

Ledger Fees

No monthly ledger fees.

Online Banking

Access on online banking

Withdrawals

Limited to 1 Withdrawal per month.

Rates & Fees*

  • Minimum opening balance – Equivalent of USD 100 opening balance
  • Minimum Operating Balance – Kes.1000 or foreign currency equivalent.
  • No account maintenance charges.
  • Withdrawals limited to 12 per year-Restrict to one withdrawal per month.
  • No restriction of deposit into account.

Interest rates***

    KES Rate (p.a.)
  • 1-100,000 - 5%.
  • 100,001-1,000,000 - 6%.
  • 1,000,001-10,000,000 - 7.5%.
  • 10,000,001-20,000,000 - 8.0%.
  • Above 20,000,000 - 8.5%.
    Currency Rate
  • AUD - 0.
  • CAD - 0.
  • CHF - 0.
  • EURO - 0.20%.
  • GBP - 0.20%.
  • USD - 0.50%.
  • ZAR - 0.

What We Need From You*

  • Must reside abroad.
  • Valid Kenyan passport or national ID.
  • KRA PIN certificate.
  • Notarized proof of address e.g. utility bill, driving license etc.
  • Duly signed FATCA form for USA citizens.
  • Colored passport sized photo.

*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall we ask for your PIN or passwords. Remember, PIN yako siri yako.

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