KCB-MPesa Target Savings Account

This account allows you to set a target and make deposits towards achieving that target.

How does it work?

• Go to M-PESA menu
• Select Loans and Savings
• Select KCB M-PESA
• Select Fixed Savings
• Select Target Savings Account
• Select Open Account
• Select source of funds;
• M-PESA or KCB M-PESA
• Enter Target amount you intend to save for the period (amount needs to be more than KES 1000)
• Enter period (1 up to 12 months)
• Enter initial deposit amount (not less than KES 50)
• Enter M-PESA PIN and confirm transaction
• You will receive an M-PESA confirmation.

Benefits

1. You top up continuously until you achieve your target.
2. You can deposit money into the target account through: M-PESA or KCB M-PESA

• You can choose from target periods of 1 up to 12 months with a minimum contribution of KES 50.

1. You earn interest on cumulative interest.
2. Early withdrawal of funds from Target Savings is allowed subject to withdrawal of the entire amount saved. Total interest on savings will be earned to the day of the withdrawal.
3. You get cash back immediately to your KCB M-PESA account on prompting cash back.

• Minimum target period is 1 month.
• Enjoy attractive Interest rates of 6.3% p.a. on your savings.