KCB M-Pesa Fixed Savings Account

This account allows you to lock a specific amount of cash for a period of up to 12 months.

How does it work?

• Access M-PESA menu
• Select Loans and Savings
• Select KCB M-PESA
• Select Fixed Savings Account
• Select Fixed deposit
• Open Account
• Select the source of funds;
• M-PESA or KCB M-PESA
• Enter amount (amount needs to be more than KES 500)
• Enter period (1 up to 12 months)
• Enter M-PESA PIN and confirm the transaction
• You will receive an M-PESA confirmation.

Benefits

500. Locked periods include 1 up to 12 months with the minimum amount of Kshs.500.
501. Upon early or premature redemption, you will forfeit all interest accrued.

• You get cash back immediately to KCB M-PESA account on prompting cash back.

6. Earn attractive Interest rates of 6.3% p.a. on your savings.