NAIROBI, Kenya, June 8 – Are you looking for a smart way to grow your savings while keeping your money secure? Whether you’re saving for a dream home, an emergency fund, or your child’s education, SBM Bank Kenya’s Platinum Saver Account is your golden ticket to achieving financial goals faster and more efficiently. This high-yield savings account turns your savings into big rewards over time. With Kes 100,000 and above, you earn an unbeatable 8.5% interest per annum, (effective February 2026)
Why Choose the Platinum Saver?
A savings account should do more than just hold your money, it should make it work for you! The Platinum Saver Account offers one of the highest interest rates in the market, allowing you to build wealth passively while maintaining full control over your funds. Here’s how it helps you achieve your financial dreams:
- Compounding Interest: Let Your Money Multiply
With the Platinum Saver account, your savings grow exponentially through compounding. Imagine depositing Kes 100,000 today; by the end of the year, you will have Kes 107,469 passively (net of 15% withholding tax). What’s more, the account offers USD, GBP and Euro currency options with unmatched interest rates in the market. Amounts of 1,000 and above earn a per annum interest of 4% for USD account, 3.5% for GBP and 3% for Euro. This offers customers high returns that accelerate the achievement of their ambitions. Goals such as upgrading your car, saving for a wedding, holiday, school fees, land or home upgrade, feel more achievable with the Platinum Saver account that offers high interest which multiplies savings through the compounding effect. The table below illustrates the interest earned for different Kenya Shilling deposit amounts invested in a Platinum Saver account for a 1-year period.
| # | Deposit Amount | Gross Interest Earned | Withholding Tax (15%) | Net Interest Earned | Total Deposit Amount |
| 1 | KES 1,000,000 | 87,872 | 13,181 | 74,691 | 1,074,691 |
| 2 | KES 500,000 | 43,936 | 6,590 | 37,346 | 537,346 |
| 3 | KES 100,000 | 8,787 | 1,318 | 7,469 | 107,469 |
- Financial Freedom on Your Terms
Unlike other accounts that lock in your funds, the Platinum Saver gives you the flexibility to access your money when needed. This means you can save confidently while keeping cash available for unexpected expenses.
- Safe, Secure, and accessible
At SBM Bank Kenya, we ensure your savings are well-protected and easily accessible through our Mfukoni mobile and online platform. You can monitor your balance, make deposits, and track your earnings anytime, anywhere.
- Ideal for Groups and Chamas
Investment groups and chamas can also benefit from this account, leveraging compound interest to grow their savings faster, enabling them to invest in high-value opportunities like real estate, bonds, or offshore investments.
- Pebble Account revamped
The SBM Pebble Savings account for junior savers has been revamped to offer more value for parents saving for their children’s future. The interest rates and currencies have been revised to match the Platinum Saver account. Savings of Kes 100,000 and above earn an interest of 8.5% and in addition it has the foreign currency accounts offering a per annum interest of 4% for USD account, 3.5% for GBP and 3% for Euro for amounts of 1,000 and above.
Key Benefits
- Interest-Earning Balance: Start with any amount in Kes and earn 4% interest until you reach Kes.100,000, then unlock the 8.5% interest rate per annum. For the foreign currency accounts, amounts above 1,000 earn a per annum interest of 4%, for USD account, 3.5% for GBP and 3% for Euro.
- Limited Withdrawals: To support the customers in maintaining a savings culture, withdrawals on the account are limited to one per quarter and additional withdrawals bring the interest to 4% per annum for the quarter.
- Monthly Interest Credit: Enjoy monthly interest to steadily grow your savings.
- Foreign currency accounts: Available in USD, GBP and Euro currencies.
Getting Started
Opening a Platinum Saver Account is easy. Visit any SBM Bank Kenya branch or use the Mfukoni Mobile and Online Banking platforms if you’re an existing customer.
The Smart Choice for Savvy Savers
The road to financial success starts with the right savings plan. The SBM Platinum Saver Account gives you a head start with guaranteed high returns, financial flexibility, and security.
Don’t wait for “someday” to start saving. Take control of your financial future today with the Platinum Saver and watch your money work harder for you!
Ready to grow your savings? Open your SBM Platinum Saver Account today and start earning 8.5% per annum effortlessly!
SMS ‘Platinum’ to 21972 to get started.
