Quick Answer: Which bank in Kenya is the best?

Which is the best bank to save in Kenya?

Best Banks In Kenya To Open A Savings Account And Earn High Interest

  • Absa. …
  • Co-operative bank. …
  • Credit bank. …
  • Diamond Trust bank. …
  • Gulf bank. …
  • Mayfair bank. …
  • Middle East bank.

16.06.2021

Which is the cheapest bank in Kenya?

In the report, the cheapest bank in Kenya to secure a peronal loan stretching up to five years is Guardian bank, with its lending rate standing at (14.1%). Other banks with friendlier rates include: National Bank (14.7%), Family Bank (14.8%), Housing Finance (14.8%), DTB (15.2%), Imperial Bank (16%) and KCB (16.6%).

Which is the best bank for salary account in Kenya?

Top Salary Advance Providers In Kenya

  • HF Group Bank.
  • Equity Bank Salary Advance.
  • KCB Bank Salary Advance.
  • Co-op Bank Flexible Cash Advance.
  • NIC Bank Salary Advance.
  • Family Bank Salary Advance.
  • Bank of Africa Salary Advance.

Which account is best for savings?

Top Banks that have the Best Savings Account for Individuals

  • State Bank of India (SBI) Savings Account.
  • HDFC Bank Savings Account.
  • Kotak Mahindra Bank Savings Account.
  • DBS Bank Savings Account.
  • RBL Bank Savings Account.
  • IndusInd Bank Savings Account.
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How can I double my money in a year?

The principle is simple. Divide 72 by the annual rate of return to figure how long it will take to double your money. For example, if you earn an 8 percent annual return, it will take about 9 years to double. So the higher the return, the faster you can double your money.

Which is the most expensive bank in Kenya?

Absa Bank Kenya comes up as the most expensive bank in Kenya. A borrower taking 1 million shillings personal secured loan for one year from Absa will incur a total credit cost of 143,007 shillings.

Which is the safest bank in Kenya?

KCB named Kenya’s safest bank in new global survey

  • The 29th annual World’s Safest Banks ranking recognises the KCB among 14 African banks in the list consisting of lenders from 112 countries.
  • KCB was the only bank in Kenya that made the list of safest banks globally.

28.10.2020

Which bank gives loan easily?

Comparison of Best Personal Loan Providers in India

Name of the Lender Loan Amount Interest Rate (p.a.)
State Bank of India (SBI) Up to Rs. 20 lakh. 9.60% onwards
HDFC Bank Up to Rs. 40 lakh. 10.50% onwards
ICICI Bank Up to Rs. 25 lakh. 10.50% onwards
Axis Bank Up to Rs. 15 lakh. 11% onwards

What bank has the best benefits?

Best banks and credit unions:

  • Best overall, best for customer service: Ally Bank.
  • Best overall, best for cash-back rewards: Discover Bank.
  • Best overall, best for ATM availability: Alliant Credit Union.
  • Best overall, best for overdraft options: One Finance.
  • Best overall, best for rates: Varo Bank.
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What do I need to open a family bank account?

Requirements

  1. Original and copy of national ID or valid passport.
  2. Any amount of cash to open the account.
  3. Free passport size photo taken at your preferred branch.
  4. For joint accounts, a national ID or passport copy is required for each applicant.

What is the PayBill for family bank?

Find out How to Deposit Money into Family Bank Account via M-PESA PayBill Number 222111.

Where can I put my money to earn the most interest?

  • Open a high-yield savings or checking account. If your bank is paying anywhere near the “average” savings account interest rate, you’re not earning enough. …
  • Join a credit union. …
  • Take advantage of bank welcome bonuses. …
  • Consider a money market account. …
  • Build a CD ladder. …
  • Invest in a money market mutual fund.

2.04.2021

Where can I put extra money?

  • High-yield savings account. …
  • Certificate of deposit (CD) …
  • Money market account. …
  • Checking account. …
  • Treasury bills. …
  • Short-term bonds. …
  • Riskier options: Stocks, real estate and gold. …
  • 8 places to save your extra money.

Where can I invest my savings?

Know your money

Investment Quick facts
Online savings or money market account For emergency fund. Liquid. FDIC insured.
Best for intermediate-term investments (3 to 10 years)
CD For hard deadline. Not liquid. FDIC insured.
Short-term bond funds (index or ETF) May have investment minimum. Liquid. Some risk.
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