Quick Tips Regarding Kcb Mpesa Fixed Saving Account

Kcb Mpesa Fixed Saving Account

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KCB Mpesa Savings Account is a service offered by KCB Bank, which allows you to store your money while earning interest on your contributions. Kcb Mpesa savings account is very useful when you want to set aside money for future needs and goals, this account can be the best choice. If you don’t know, a savings account is a deposit account designed to hold money you don’t need or plan to spend right away. KCB Mpesa Fixed Savings account It is a quick way to grow your money easily on your phone, moreover, the more you save, the more you can borrow

Kcb Mpesa Fixed Saving Account Explained
Kcb Mpesa Fixed Saving Account Explained

How Does Kcb Mpesa Fixed Savings Account Work?

The Kcb Mpesa Fixed Savings Account allows you to lock a specific amount of money for a period of 1 to 12 months. To open this account, at least Kes. 500 must be deposited. Upon early or premature redemption, all benefits earned will be lost. Your savings earn a 6.3% p.a. for the period locked.

Getting Started With KCB Mpesa Savings

To access KCB Mpesa Savings Simply follows the step listed below

  1. Access M-PESA menu
  2. Select Loans and Savings
  3. Select KCB M-PESA
  4. Select Fixed Savings Account
  5. Select Fixed Deposit
  6. Select Open Account
  7. Select the source of funds: M-PESA or KCB M-PESA
  8. Enter amount (amount needs to be more than KES 500)
  9. Enter period (1 up to 12 months)
  10. Enter M-PESA PIN and confirm the transaction
  11. You will receive an M-PESA confirmation.

How To check my KCB Mpesa Savings amount?

To track progress of your savings;

  • Go to M-PESA Menu
  • Select Loans and Savings
  • Select KCB M-PESA
  • Select My Account
  • Select Check Balance
  • Enter M-PESA PIN and submit

Benefits Of Kcb Mpesa Fixed Saving Account

  • You earn attractive Interest at a rate of 6.3% p.a. on your savings that accumulates on a daily basis.
  • You can deposit money into the fixed savings account from M-PESA or KCB M-PESA.
  • You can withdraw your savings before expiry of the set period. This is however allowed subject to
  • withdrawal of the entire amount locked. Upon early or premature redemption, you will forfeit all interest accrued.
  • Upon withdrawal of money from a fixed savings account, the money is immediately deposited to your KCB M-PESA account.
  • It is free to send and withdraw money to M-PESA from KCB M-PESA.

For more information about KCB M-PESA

  1. Call : 0711 087000 or 0732 187000
  2. WhatsApp : 0711 087087
  3. Visit the KCB Bank website www.kcbgroup.com or Safaricom website www.safaricom.co.ke
  4. Visit your nearest KCB Bank branch in Kenya

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