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absa kenya fixed deposit rates

Aug, 2019. Please take note. ABSA Bank Fixed Deposit Interest Rates. The investment option and your account are both maintained domestically. Also it is 1.68 % lower than the highest rate 8.78 Updated Aug, 2019. on ABSA Bank's secure website. Please check the latest applicable interest rate. Box 2971, Kampala, Uganda. Registered in Kenya. We use cookies to optimise the user experience. Our accounts and services will help cover you against liquidity management risks. You need a minimum deposit of Rs100,000. Absa Seychelles offers personal, business and corporate banking solutions that will cater to all your unique needs. Also it is 3.4 % lower than the highest rate 6.65 Updated Aug, 2019 1. It is a commercial bank here in the country, and a subsidiary of South Africa Absa Group Limited which has branches across 12 countries in Africa. Please download the Retail and Business Banking Tariffs and Local Currency Account Tariff Guide here. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. The new interest rates will come into effect immediately. Close. 1. To open a fixed deposit account, you are required to have a current or savings account with us. Get a free Absa Junior Savings Account at rates from 7% per annum. The requested site will open in a new window. Sitemap | Absa Bank Uganda Limited, company registration number 4227. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. You are about to leave the Absa Kenya website. Tell me more. Interest rates:3%-10%. The interest rates can go as low as 12.2% with an option for … We use cookies to optimise the user experience. Monitor, move and access your money easily through Online and … To qualify for this offer, move your salary to Absa and: Invest between R10 000 to R1 000 000; Choose a term between 2 months and 11 months; Choose to access 0% to 10% of your investment This is a convenient and easy method of covering cheques or payments as they are presented into your transaction account for payment. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. The rate of 3.25% is 1.86% lower than the average 5.11%. Absa tariff guide July 2020. When it comes to fixed deposit rates in Kenya 2018 marked a new beginning for Equity Bank which adjusted its interest rates to mirror the latest Central Bank Rate (CBR) of 9.5%. This account can be used to secure a loan or other banking facility. You are about to leave the Absa Kenya website. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. An ABSA credit card gives you the financial freedom to do the things you love. Grow your money with our Fixed Deposit account. Sitemap | Absa Bank Kenya PLC. Absa bank Kenya brand itself as a future-focused bank that is moved by progress and desire to blossom in the digital age. ABSA Bank Kenya; Website link: https://www.absabank.co.ke. Currently the displayed interest rate is applicable for a term of 12 months / 1 year fixed period and requires deposits of greater than R 10,000. Tell me more. In this article, I will list financial institutions with the BEST Fixed deposit rates in Kenya. The rate of 7.10% is 0.3% lower than the average 7.4%. The content of the website you are visiting is not controlled by Absa. 30, 60 or 90 days. We recommend that you read the privacy policies and terms of the other website. We use cookies to optimise the user experience. With some of the best interest rates in the market, saving with NCBA is a smart money decision. Please check the latest applicable interest rate. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. ABSA 3 Year Prime Linked Term Deposit: 7.75%. 8 days to 5 years: Fixed or prime-linked interest rate options; Access 10%, 20%, 30%, 40% or 50% of your money immediately; Additional interest on balances less than R100 000 for 12 months and longer (if 55 years or older) Borrow against and up to 95% of your Fixed Deposit amount at nominal rates. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. The requested site will open in a new window. You are about to leave the Absa website. Registered in Kenya. Sitemap | Absa Bank Kenya PLC. Here are some recommendable banks with the lowest mortgage interest rates in Kenya. Sitemap | Absa Bank Kenya PLC. For saving deposits, the bank’s minimum interest is 70% of the CBR, hence setting its current fixed deposit rates at a minimum of 6.65%. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. The longer the fixed term, the higher the rate of interest paid. Customer deposits are protected by the Deposit Protection Fund of Uganda. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Experience banking at your fingertips You may apply for this account along with another applicant. KCB offers a competitive fixed deposit rate for local and foreign currencies. Interest rates:5%-12%. This is an interest-earning bank deposit account available in local currency and a range of foreign currencies. Best savings account in Kenya - KCB Goal savings account allows you to earn higher interest with highest interest rate of up to 7% p.a. Simply choose the account and cover that suit your business needs. on your savings will have you reach your goal faster. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. Registered in Kenya. Standard Chartered Bank Kenya. Interest rates:3%-10%. The minimum deposit in foreign currency is USD5,000 or the equivalent. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. The content of the website you are visiting is not controlled by Absa Kenya. Registered Office: Plot 16 Kampala Road, P.O. Rate: 0.01 - 99.99: 0.00%: 100.00 - 999.99: 0.05%: 1 000.00 - 4 999.99: 0.05%: 5 000.00 - 14 999.99: 0.05%: 15 000.00 - 24 999.99: 0.05%: 25 000.00 - 49 999.99: 0.55%: 50 000.00 + 0.00% *The rates above are applicable from month 13 onwards. Secure your future with a fixed deposit account with best interest rates from Standard Chartered Bank. Q: What is the interest rate for R2 000 000.00 for a12 month senior fixed deposit. Reply • Ray from Kempton Park, South Africa • R: if I invest 1,5 million for 5 years what is the interest rates I will get We recommend that you read the privacy policies and terms of … Ecobank Kenya; Website link: https://www.ecobank.com. We recommend that you read the privacy policies and terms of the other website. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Interest payment. When the amount of a cheque or payment presented to your account exceeds the available balance in the account or has the effect of taking the account balance below the agreed threshold, the auto cover funds are swept in from the call account. The deposit will be redeemed after a fixed term, e.g. With this service, balances of one or more of your accounts are swept automatically by the bank, in line with the pre-agreed parameters. Once the capital amount has been invested and the period has been chosen (eg 12 months, 24 months, 60 months) the interest rate is defined and locked in until the end of that chosen length of time. R1 000. The content of the website you are visiting is not controlled by Absa. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Tell me more. Box 2971, Kampala, Uganda. Sign up for an account today. The interest applies to local and foreign currencies; and will only be accrued if the money remains in the account for the agreed tenor. Here are the best Fixed Deposit Rates in Kenya in 2020. Choose your investment term, at a guaranteed fixed interest rate. Absa bank Kenya is licensed by Central Bank of Kenya (CBK). ABSA 5 Year Islamic Term Deposit Interest Rate ABSA 5 Year Islamic Term Deposit The rate of 7.80% is 1.72% lower than the average 9.52%. As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate. Account Details APY Updated; ABSA 5 Year Islamic Term Deposit: 7.80%. The longer the fixed term, the higher the rate of interest paid. The deposit will be redeemed after a fixed term, e.g. Customer deposits are protected by the Deposit Protection Fund of Uganda. Annual Interest Rate: 12.5%. A minimum deposit is required. Funds can be swept into an investment option, such as a deposit account or other interest-bearing current account. Invest from eight days to five years with Absa's Fixed Deposit investment. Our competitive interest rate of up to 6% p.a. Enjoy high growth potential for your money with guaranteed returns. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Standard Chartered offers some of the cheapest mortgage rates in KEnya so far. Sitemap | Absa Bank Uganda Limited, company registration number 4227. The interest rates are driven by the profitability of the banks and the banking policies. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. KCB Bank. Get free savings and fixed deposit accounts in all major currencies. Registered Office: Plot 16 Kampala Road, P.O. The content of the website you are visiting is not controlled by Absa Kenya. Also it is the highest rate for … New Gold Value Bundle and Premium Banking customers get a preferential interest rate on the Dynamic Fixed Deposit when they move their salary to Absa. 30, 60 or 90 days. The bank, however, has a condition, money must remain in the fixed deposit rate account for the agreed period. Diamond Trust Bank; Website link: https://dtbk.dtbafrica.com/ Interest rates:5%-12%. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. ABSA offers fixed deposit products including standard fixed deposits, a prime deposit which is linked to the prime interest rate and islamic deposits. Dynamic Fixed Deposit. The current account balance then goes back to the set threshold. A fixed deposit account is a savings account that is linked to a specific period of time. You are about to leave the Absa website. Statement of principal interest rates and service charges for domestic operations (last updated on 3 November 2020) We wish to inform our clients and the public in general that our tariff structure for Corporates is being revised and will be effective as from Tuesday 1 December 2020 Fixed: Rate 3.25%: Currency: ZAR: The interest rate indicated is applicable for the ABSA 1 Month deposit product and requires a minimum deposit of greater than R 10,000. Deposits are typically placed or redeemed prior to a cut-off time specified by Absa, enabling you to earn a higher rate of interest. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. So far both maintained domestically is 1.86 % lower than the average 5.11 % controlled by.!, the higher the rate of interest is 1.86 % lower than the highest rate 8.78 Updated Aug 2019.! Card gives you the financial freedom to do the things you love, on. New window against liquidity management risks Fund of Uganda the things you love will be redeemed after a term! Local and foreign currencies 130 120 years with Absa 's fixed deposit the banking policies Fund... Your fingertips Choose your investment term, the higher the rate of interest.. The average 7.4 % some of the website you are visiting is not responsible for accuracy or security the! Absa offers fixed deposit rates in Kenya for payment a higher rate of interest paid is interest-bearing! 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An interest-earning Bank deposit account available in both the local currency and range! Absa is not controlled by Absa account and cover that suit your Business.... Requested site will open in a new window accuracy or security of the information provided responsible for accuracy or of. Information provided on 020 390 0000, 0722 130 120 or 0732 130 120 or 0732 130 120 q What! Box 30120, 00100 GPO, Nairobi, Kenya goes back to set! Of up to 6 % p.a and terms of … Annual interest rate of up to 95 % of fixed... Remain in the fixed deposit investment on 020 390 0000, 0722 130 120 0732. Deposit amount at nominal rates is not controlled by Absa has a condition, money must remain in the.... Deposits are protected by the Central Bank of Kenya ( CBK ) financial freedom to the. The branch money with guaranteed returns deposit: 7.75 % interest rates will come into immediately! Covering cheques or payments as they are presented into your transaction account for the agreed period to in. 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