SBM Bank Kenya Limited Platinum Saver Account Details

Rates available from as of 1st April 2021
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SBM Bank Kenya Limited

Platinum Saver Account
Interest Rate
(per year)
Min Interest Earning Balance
Interest Payout
Withdrawal Limit
No account fees
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Account Fees:

  • Withdrawal fees: 0
  • Maintenance fees: 0
  • Statement fees: 0

Account Details:

  • Minimum Opening balance: 100000
  • Interest Payout: Monthly
  • Withdrawal frequency: 4 Per Quarter
  • Currency options: KES
  • Account opening process: Branch

Documentation Requirement:

  • National ID
  • Passport Photo
  • KRA Pin
  • Proof of source of Funds
  • T&C Link

Money254 Review


  • Relatively high interest(6%p.a)
  • Interest paid out monthy


  • Opening balance of 100K required
  • Account only earns 6% interest if minimum balance of 100K is maintained(if it falls below 100K only 3% is earned)

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