Smart savings

for smarter investments.

The Platinum Saver account offers you competitive interest rates, and is ideal for short to medium savings plans to achieve your goals.

Start saving now

Smart savings

for smarter investments.

The Platinum Saver account offers you competitive interest rates, and is ideal for short to medium savings plans to achieve your goals.

Start saving now

Why choose the SBM Platinum Saver Account

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Incomparable Interest Rates

Earn interest at a rate of 10% p.a. on the KES account, and 4% p.a. on the USD account.

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Payment Terms

Interest is credited to the account monthly.

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Interest Earning Balance

A KES account earns interest of 4% p.a. on balances below Kes. 100,000, while a USD account earns interest of 3% on balances below $1,000

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Available Currency

You can now open a Platinum Saver account in either KES and USD

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Withdrawal Frequency

You can make one withdrawal per quarter without penalty.

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What is the account opening balance?

The recommended account opening balance is KES. 100,000 and USD 1,000 for the KES and USD accounts respectively. However, you can start by depositing any amount and grow your balance to Kes.100,000 or USD 1,000 and more to enjoy the more best interest rates.

Eligibility / Documents Required

 

  • Duly filled account opening form
  • Original Kenyan national ID card and copy or
  • Original and copy of valid passport
  • Valid VISA
  • Alien Certificate, work permits/dependent pass/student pass/internship or
    research pass/certificate of permanent residence
  • KRA PIN
  • 2 passport size colored photos
  • Indication of next of kin
  • A utility bill
  • Proof of source of funds

 

In addition, for foreigners:

  • Signed Foreign Account Tax Compliance Act (Kenyans living in US and US Citizens) / Common Reporting Standard forms (Kenyans living abroad and foreigners)
  • Your visa/work permit/alien certificate

Rates & Fees

 

 

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