Where to save
Mobile savingsBeing checked
M-Shwari Lock Savings
NCBA Bank Kenya (with Safaricom M-PESA) · Regulated by Central Bank of Kenya
6.00%interest p.a., tiered: 3% (KES 1–20,000), 5% (20,001–50,000), 6% (above 50,000); figure shown is top tierDate not statedMay be outdatedWhere this rate came from
- Start with
- KES 500
- Open to
- Individuals
- Getting money out
- At maturity, moved to M-Shwari account; early withdrawal paid after 48 hours
- Lock-in
- 1–6 months per Safaricom FAQ (NCBA key-facts PDF says 1–12 months)
- Fees
- Transfers into Lock account free; balance enquiry and mini-statement KES 1 each.
How to deposit
M-PESA menu > Loans and Savings > M-Shwari > Open Lock Savings; top up from KES 1.
Always confirm the Paybill and account details with the provider before you pay.
Rate history
- Date not statedinterest p.a., tiered: 3% (KES 1–20,000), 5% (20,001–50,000), 6% (above 50,000); figure shown is top tier6.00%