MEB Young Savers Account
An interest-bearing savings account for children below age 18, in Kes or USD.
Interest Bearing
An interest-bearing account that earns 4.5% interest on your child's savings.
- 4.5% interest
- Interest paid quarterly
- Calculated on minimum monthly balance
School Fees Support
A free bankers cheque for school fees every term.
- Free bankers cheque every term
- Free monthly statement
- Statements also via internet banking
Fees
No ledger fees and no charges on withdrawals.
- No ledger fees
- No charges on withdrawals - limited to one withdrawal per quarter
- Free internal transfers MEB to MEB
Account Features
Kes or USD
Open the account in Kenya Shillings or US Dollars.
Mobile Notifications
A prompt mobile notification on every account transaction.
Free Monthly Statement
A free monthly statement, also available via internet banking.
Free Internal Transfers
Transfers from one MEB account to another are free.
Benefits
4.5% interest, paid quarterly
Free bankers cheque for school fees every term
Prompt mobile notification on every transaction
Free monthly statement
No ledger fees
Free internal transfers MEB to MEB
Account Terms
For children below age 18
Kes or USD account
Opening balance: Kes 200
Withdrawals limited to one per quarter
Interest calculated on minimum monthly balance and paid quarterly