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 The deposit will be redeemed after a fixed term, e.g. Funds can be swept into an investment option, such as a deposit account or other interest-bearing current account. Simply choose the account and cover that suit your business needs. Interest rates:3%-10%. Q: What is the interest rate for R2 000 000.00 for a12 month senior fixed deposit. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. The deposit will be redeemed after a fixed term, e.g. You are about to leave the Absa website. With this service, balances of one or more of your accounts are swept automatically by the bank, in line with the pre-agreed parameters. Sitemap | Absa Bank Uganda Limited, company registration number 4227. Choose your investment term, at a guaranteed fixed interest rate. 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. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. Aug, 2019. We recommend that you read the privacy policies and terms of the other website. We recommend that you read the privacy policies and terms of the other website. Sign up for an account today. An ABSA credit card gives you the financial freedom to do the things you love. Please check the latest applicable interest rate. Please take note. KCB Bank. With some of the best interest rates in the market, saving with NCBA is a smart money decision. 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. Interest rates:3%-10%. 30, 60 or 90 days. You may apply for this account along with another applicant. Please download the Retail and Business Banking Tariffs and Local Currency Account Tariff Guide here. ABSA Bank Fixed Deposit Interest Rates. Get a free Absa Junior Savings Account at rates from 7% per annum. Get free savings and fixed deposit accounts in all major currencies. 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%. Also it is 1.68 % lower than the highest rate 8.78 Updated Aug, 2019. on ABSA Bank's secure website. 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. Registered in Kenya. The longer the fixed term, the higher the rate of interest paid. The requested site will open in a new window. Absa Seychelles offers personal, business and corporate banking solutions that will cater to all your unique needs. Diamond Trust Bank; Website link: https://dtbk.dtbafrica.com/ Interest rates:5%-12%. ABSA offers fixed deposit products including standard fixed deposits, a prime deposit which is linked to the prime interest rate and islamic deposits. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 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. The rate of 3.25% is 1.86% lower than the average 5.11%. R1 000. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Also it is the highest rate for … 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. Standard Chartered offers some of the cheapest mortgage rates in KEnya so far. Customer deposits are protected by the Deposit Protection Fund of Uganda. Sitemap | Absa Bank Kenya PLC. The content of the website you are visiting is not controlled by Absa Kenya. 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. 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 Close. 30, 60 or 90 days. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. Tell me more. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. You may also call our 24-hour Contact Centre on 020 390 0000, 0722 130 120 or 0732 130 120. Absa bank Kenya is licensed by Central Bank of Kenya (CBK). Registered in Kenya. Absa bank Kenya brand itself as a future-focused bank that is moved by progress and desire to blossom in the digital age. Our accounts and services will help cover you against liquidity management risks. ABSA Bank Kenya; Website link: https://www.absabank.co.ke. The minimum deposit in foreign currency is USD5,000 or the equivalent. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. 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 Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Experience banking at your fingertips Deposits are typically placed or redeemed prior to a cut-off time specified by Absa, enabling you to earn a higher rate of interest. Box 2971, Kampala, Uganda. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. Our competitive interest rate of up to 6% p.a. Interest payment. You are about to leave the Absa Kenya website. Dynamic Fixed Deposit. on your savings will have you reach your goal faster. The interest rates can go as low as 12.2% with an option for … This is an interest-earning bank deposit account available in local currency and a range of foreign currencies. The content of the website you are visiting is not controlled by Absa. Secure your future with a fixed deposit account with best interest rates from Standard Chartered Bank. Invest from eight days to five years with Absa's Fixed Deposit investment. Absa Bank Uganda Limited is regulated by the Bank of Uganda. Annual Interest Rate: 12.5%. ABSA 3 Year Prime Linked Term Deposit: 7.75%. 1. Interest rates:5%-12%. Ecobank Kenya; Website link: https://www.ecobank.com. The bank, however, has a condition, money must remain in the fixed deposit rate account for the agreed period. The content of the website you are visiting is not controlled by Absa. We recommend that you read the privacy policies and terms of … We use cookies to optimise the user experience. 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) In this article, I will list financial institutions with the BEST Fixed deposit rates in Kenya. Here are some recommendable banks with the lowest mortgage interest rates in Kenya. This is a convenient and easy method of covering cheques or payments as they are presented into your transaction account for payment. This account can be used to secure a loan or other banking facility. We use cookies to optimise the user experience. Tell me more. The interest applies to local and foreign currencies; and will only be accrued if the money remains in the account for the agreed tenor. The content of the website you are visiting is not controlled by Absa Kenya. Registered office: Absa Head Quarters, Waiyaki Way, PO Box 30120, 00100 GPO, Nairobi, Kenya. KCB offers a competitive fixed deposit rate for local and foreign currencies. Sitemap | Absa Bank Kenya PLC. Sitemap | Absa Bank Kenya PLC. It is an interest-bearing bank deposit available in both the local currency and a range of foreign currencies. Standard Chartered Bank Kenya. Registered in Kenya. Monitor, move and access your money easily through Online and … You are about to leave the Absa website. This link is being offered for your convenience and Absa is not responsible for accuracy or security of the information provided. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. A minimum deposit is required. For additional tariff information, please refer to our website or speak to the customer advisers in the branch. The interest rates are driven by the profitability of the banks and the banking policies. 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%. 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%. Enjoy high growth potential for your money with guaranteed returns. Grow your money with our Fixed Deposit account. Absa tariff guide July 2020. Customer deposits are protected by the Deposit Protection Fund of Uganda. A fixed deposit account is a savings account that is linked to a specific period of time. The requested site will open in a new window. To open a fixed deposit account, you are required to have a current or savings account with us. 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. Tell me more. Registered Office: Plot 16 Kampala Road, P.O. The rate of 7.10% is 0.3% lower than the average 7.4%. Here are the best Fixed Deposit Rates in Kenya in 2020. Please check the latest applicable interest rate. Account Details APY Updated; ABSA 5 Year Islamic Term Deposit: 7.80%. The new interest rates will come into effect immediately. The longer the fixed term, the higher the rate of interest paid. Absa Bank Kenya PLC is regulated by the Central Bank of Kenya. You are about to leave the Absa Kenya website. The investment option and your account are both maintained domestically. This link is being offered for your convenience and Absa Kenya is not responsible for accuracy or security of the information provided. Borrow against and up to 95% of your Fixed Deposit amount at nominal rates. We use cookies to optimise the user experience. Box 2971, Kampala, Uganda. You need a minimum deposit of Rs100,000. 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. Sitemap | Absa Bank Uganda Limited, company registration number 4227. Also it is 3.4 % lower than the highest rate 6.65 Updated Aug, 2019 Registered Office: Plot 16 Kampala Road, P.O. As it is a long-term investment, you will not receive a debit card, so your money will grow at the guaranteed rate. The current account balance then goes back to the set threshold. 1. Absa Bank Uganda Limited is regulated by the Bank of Uganda. , P.O and services will help cover you against liquidity management risks or security of the provided! To a cut-off time specified by Absa with us loan or other current. The longer the fixed term, e.g remain in the branch 12.5 % local and foreign currencies liquidity management.. Account with us BEST fixed deposit amount at nominal rates % is 0.3 % lower than the average %. 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