List of KCB Savings Accounts, their Requirements and Features

KCB savings account requirements

Kenya Commercial Bank (KCB) offers various savings accounts tailored to different customer needs. Below are the latest requirements and features of KCB savings accounts.

Requirements for Opening a KCB Savings Account

1. Personal Identification:

  • National ID or Passport: Valid identification document for Kenyan citizens. Foreign nationals require a passport and work permit.
  • KRA PIN: Personal Identification Number from the Kenya Revenue Authority.

2. Proof of Residence:

  • Utility Bill: Recent utility bill (electricity, water, etc.) showing your current residential address.
  • Lease Agreement: Alternatively, a lease or tenancy agreement can be used.

3. Initial Deposit:

  • The minimum initial deposit varies depending on the type of savings account. For instance, the KCB Simba Savings Account requires a minimum deposit of Ksh 1,000.

4. Completed Application Form:

  • Account Opening Form: Filled and signed account opening form available at any KCB branch or downloadable from the KCB website.

5. Passport-sized Photographs:

  • Recent passport-sized photographs as per the bank’s specifications.

Features of KCB Savings Accounts

1. KCB Simba Savings Account:

  • Interest Earnings: Earn interest on your savings, with rates typically tiered based on the account balance.
  • No Monthly Fees: Zero monthly maintenance fees.
  • Initial Deposit: Low minimum initial deposit of Ksh 1,000.
  • Access to Funds: Easy access to your funds via KCB ATMs, mobile banking, and online banking.
  • Withdrawal Restrictions: Limited to one withdrawal per month to encourage saving.

2. KCB Goal Savings Account:

  • Targeted Savings: Ideal for saving towards specific goals, such as education, travel, or emergencies.
  • Interest Rates: Competitive interest rates that can increase as your savings grow.
  • Flexible Deposits: Flexible deposit amounts and frequencies to suit your saving habits.
  • Standing Orders: Option to set up standing orders from your main KCB account to automate savings.
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3. KCB Cub Account:

  • Children’s Savings Account: Designed for minors to encourage saving from an early age.
  • Interest Accumulation: Earn interest on savings, with no monthly maintenance fees.
  • Parental Control: Account managed by the parent or guardian until the child reaches the age of majority.

4. KCB Fixed Deposit Account:

  • Fixed Term Savings: Deposit money for a fixed term ranging from one month to several years.
  • High Interest Rates: Higher interest rates compared to regular savings accounts.
  • Minimum Deposit: Higher minimum deposit requirement, usually starting from Ksh 50,000.
  • No Early Withdrawals: Funds are locked in for the agreed term, with penalties for early withdrawal.

Additional Benefits

  • Accessibility: KCB savings accounts offer accessibility through a vast network of branches and ATMs across Kenya, as well as robust online and mobile banking platforms.
  • Security: Your savings are secure, backed by the stability and reliability of one of Kenya’s largest banks.
  • Customer Support: Access to dedicated customer support to assist with any account-related queries.

How to Apply for KCB Bank Account

1. Visit a KCB Branch:

  • Bring all necessary documents and visit the nearest KCB branch to complete the application process.

2. Online Application:

  • Some accounts may offer online application options through the KCB website or mobile app.

3. Customer Service:

  • For additional assistance, contact KCB customer service via their hotline or email.


KCB offers a range of savings accounts tailored to meet the diverse needs of its customers.

Whether you are saving for a specific goal, seeking a high-interest fixed deposit, or teaching your child the importance of saving, KCB has an option for you.

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Understanding the requirements and features of each account can help you choose the best one for your financial goals.

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