Yes, a withholding tax of 15% is applicable to the interest earned.
Yes, you can easily migrate from your existing SBM savings account to the new Platinum Savers account. Visit your nearest SBM branch to fill in the account product transfer form.
No, customers with an existing current account who wish to enjoy Platinum Saver benefits must apply for a new account.
At the moment there are no solutions or services that are bundled with the service. The bank may introduce other value adding products on to the Platinum Saver in future.
Yes, you may borrow against your savings. The amount will however be lien marked and will be inaccessible until you clear your loan.
Yes, the account is applicable to all customers. Children, Youth, Individuals and Joint account holders.
Your Platinum Saver Account may have access to Mobile and Online Banking purely for viewing balances, transferring to own account in SBM (K) and to withdraw funds to your own mobile number
Kindly reach out directly to your Relationship Manager or Branch Manager; alternatively, you can contact our SBM (K) Bank Contact Centre via:
Tel: +254 (0) 709 800 000 / +254 (0) 730 175 000
WhatsApp Chat: +254 (0) 773 758 196
Email: atyourservice@sbmbank.co.ke
Twitter: @sbmbankkenya
Facebook: SBMBankKenya
Please feel free to visit any of our branches for more details.