Timiza Savings Account Details

Rates available from as of November 2023
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Timiza

Timiza savings Account
Interest Rate
5
%
-
5
%
(per year)
Min Interest Earning Balance
Ksh
100
Interest Payout
Quarterly
Withdrawal Limit
Monthly
No account fees
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Account Fees

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

Account Details:

  • Minimum Opening balance: 100
  • Interest Payout: Quarterly
  • Withdrawal frequency: Thrice per Quarter
  • Currency options: KES
  • Account opening process: APP/USSD

Documentation Requirement:

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Pros:

  • Easy to open an account(App or USSD)
  • 3 withdrawals a quarter(1 free M-pesa withdrawal per quarter)
  • Bonus of up-to 4% if withdrawals don't exceed 3 a quarter

Cons:

  • Withdrawal charges of ksh32 from Timiza Wallet to M-pesa Account

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