How to Save with KCB Simba Savings Account, Interest

by | Last updated Jan 30, 2025

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The Simba Savings Account from KCB Bank is ideal for those who value flexibility in managing and accessing their savings. This account offers freedom from monthly charges and ensures you can access your funds whenever needed.

With this account, you can earn up to 8.5% interest per year and enjoy a free withdrawal each month.

Features of the KCB Simba Savings Account

  • Low account opening balance of KSh. 1,000.
  • The minimum account balance is KSh. 1,000.
  • There are no monthly charges.
  • Earn an interest up to 8.5% p.a on your savings.
  • To help you maintain a saving culture, you are allowed to make only one withdrawal per month.
  • You can make free deposits into your account at any time as you desire.

Take note that these charges do not include the Excise Duty Tax.

Read: Cooperative Bank Internet Banking: How to Register

KCB Simba Account Opening Requirements

To open a Simba account, you need to present the following documents at any KCB Bank branch near you:

  • A valid original Kenyan ID or passport
  • Your KRA PIN certificate

A KCB bank representative may call you at any time to verify your details or provide further information.

Remember, at no point shall you be asked for your PIN or password. Your PIN is your secret.

See also: KCB Bank Kenya Branch Codes

How to Open the Account

To open a Simba account, you can fill in the enquiry form on the KCB website and select ‘Apply for a product’.

Apply for KCB masomo student loan, savings account

A KCB customer care representative will contact you and guide you in your application.

Alternatively, visit a KCB branch near you with all the required documents. You will be asked to fill out a Simba Account opening form and attach copies of the required documents.

Read also:

  1. NCBA Bank Kenya Branch Codes
  2. Equity Bank Savings Accounts, Opening Requirements

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