Save and Borrow on KCB M-PESA right from your phone. Put money away in a fixed deposit or target savings account, and grow your money at an interest rate of over 8.5%* p.a. Save as little as Kes.50; the more you save, the higher you grow your credit limit.
KCB M-PESA limits:
You can deposit and withdraw up to KES 150K into KCB M-PESA savings at a go.
Minimum KCB M-PESA loan is KES 1,000.
Go ahead and choose between a fixed savings account, or target savings; and let us get you weka wekaing.
Let us help you build your savings culture with fixed and target savings periods of 1 up to 12 months.
Earn attractive interest rates on savings of over 8.5%* p.a.
KCB M-PESA is a loans and savings product exclusively offered by KCB Bank Kenya Ltd to Safaricom M-PESA customers.
Be a registered and active Safaricom M-PESA customer.
Money in and out of the KCB M-PESA Account is available through M-PESA
a) To deposit from M-PESA
The cost for the one month loan is 7.35%.
Using Safaricom Toolkit
Using M-PESA Paybill 522559
There are two Savings accounts available on KCB M-PESA:
KCB M-PESA Fixed savings account This account allows you to lock a specific amount of cash for a period of up to 12 months.
KCB M-PESA Target savings account This account allows you to set a target and make deposits towards achieving that target for a period of up to 12 months.
No. Opening is free.
Upon successful opt-in, the minimum amount to begin saving is Kshs.50, thereafter you can save with any amount you desire. Once you have deposited the savings amount into the account, you will receive an SMS acknowledging the amount you have saved and period chosen. ***For savings exceeding Kshs. 250,000.00, a customer will be requested to visit any KCB branch to submit further documentation for identification purposes.
At the end of the period, an SMS will be sent to you from KCB M-PESA informing you of the maturity, the amount saved plus interest earned.
Yes, you can access your funds before the end of the period. Target savings can be unlocked anytime except;
Money saved in the Target and Fixed Savings accounts earn interest at 6.3% p.a.
For Target Savings you earn accrued interest up to the date of withdrawal however for Fixed Savings you forfeit the interest.
To track progress of your savings;
Yes. If you are listed on CRB you can still save with KCB M-PESA.
