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Bank and M-Pesa savings accounts — rates, minimums, and features side by side. Find the highest-yielding option for your money.
Rates verified 4 May 2026 · 9 products tracked
The best savings account (KCB M-Pesa) pays 8.5% — below the average MMF yield (~9.4%). MMFs are CMA-regulated with daily liquidity and generally higher returns. Savings accounts offer KDIC insurance (up to KES 500K) and flexible access. Fixed deposits lock your money but guarantee the rate. Choose based on your need for flexibility, insurance, and minimum amount.
Every savings product ranked by rate. The dashed line shows the average MMF yield for comparison. Most savings accounts fall below the line — MMFs generally offer better returns, but savings accounts provide KDIC insurance and flexible access.
All tracked savings products ranked by interest rate, showing how each compares to the MMF average benchmark.
| Product ↕ | Rate ↓ | Minimum ↕ | News |
|---|---|---|---|
| KCB M-PESA Savings | 8.50% | KES 50 | |
| KCB Savings | 7.50% | KES 100 | |
| M-Shwari | 6.30% | KES 1 | |
| Absa Savings | 6.00% | KES 0 | |
| SC Savings | 4.25% | KES 2K | |
| Prime Savings | 4.00% | KES 500 | |
| NCBA Savings | 3.50% | KES 500 | |
| HF Savings | 3.25% | KES 500 | |
| Weighted Avg Savings Rate | 3.18% | KES 0 |
* Published rate may vary based on account tier, deposit amount, or negotiated terms. Verify directly with the institution.
Unlike fixed deposits, savings accounts let you deposit and withdraw freely. Some goal-based accounts have lock-in periods for higher rates.
M-Pesa savings products (M-Shwari, KCB M-Pesa) and digital-focused accounts (ABSA Digital) often offer higher rates than traditional branch-based accounts by cutting overhead costs.
Unlike fixed deposits, savings rates are not locked. Banks can adjust them based on the CBK base rate and market conditions. Rates shown are current published rates and may change without notice.
All interest from savings accounts is subject to 15% withholding tax, deducted automatically by the bank before paying you interest.
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Serrari Markets provides independent financial data and educational tools. We are not fund managers and do not hold deposits. All data is provided 'as is' without warranty. Past performance does not guarantee future results. Rates and yields shown may be delayed — always verify with the fund manager. This is for informational purposes only not investment, tax, or legal advice.
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