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Standard Chartered Bank Kenya Limited Safari Savings Account Details

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

Safari Savings Account
Interest Rate
0.5
%
-
4.25
%
(per year)
Min Interest Earning Balance
Ksh
0
Interest Payout
Quarterly
Withdrawal Limit
Monthly
No account fees
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Account Fees:

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

Interest Tiers

  • 0.5% : KES 0- KES 1,999,999.99
  • 0.75% : KES 2,000,000 to KES 4,999,999.99
  • 1.25% : KES 5,000,000 to KES 9,999,999.99
  • 1.75% : KES 10,000,000 to KES 14,999,999.99
  • 2.25% : KES 15,000,000 to KES 19,999,999.99
  • 2.75% : KES 20,000,000 to KES 24,999,999.99
  • 3.25% : KES 25,000,000 to KES 29,999,999.99
  • 3.75% : KES 30,000,000 to KES 49,999,999.99
  • 4.25% : KES 50,000,000 and above

Account Details:

  • Minimum Opening balance: 2000
  • Interest Payout: Quarterly
  • Withdrawal Frequency: Once a Month
  • Currency options: KES
  • Account opening process: Branch/App

Documentation Requirement:

  • National ID
  • Passport Photo
  • KRA Pin
  • T&C Link

Money254 Review

Pros:

  • Interest paid out on a quarterly basis
  • One free withdrawal per month

Cons:

  • Maximum interest accessed only at very high account balance(50M+)
  • Minimum opening balance of 2000 required

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