Best Banks To Open a Savings Account With in Kenya
Need to open a savings account but you are wondering which bank you should go for? Kenya has a long list of banks and one may end up getting confused when it comes to opening a savings account. You want a bank that is reliable, accessible, and most importantly a bank that will ensure the safety of your deposits.
One of the best ways to know if a bank is reliable is to look at its policy and systems put in place by the financial institutions, the bank should as well be a member of Kenya Deposit Insurance Co-operation KDIC to ensure the safety of your money. With this you are sure that should anything go wrong, you will get back your money.
Another great way of getting to know how well a bank will serve you is through the experience of existing customers. From their experience, you will be able to determine if there are any hidden charges the bank charge, their reliability, and how effective they serve their customers. You will as well be able to know more information about their loan facilities.
Based on the customer experience we interacted with, below is a list of the best banks in Kenya you can open a savings account with. This information was collected randomly and each bank as scored on a scale of 1 to 10. 1 being the least recommended while 10 being the most recommended.
Best Banks To Open a Savings Account With in Kenya
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Co-Operative Bank
Reliability Score: 9
Account Security Score: 9
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 9
Accessibility score:
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KCB Bank
Reliability Score: 9
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 9
Accessibility score: 9
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Equity Bank
Reliability Score: 8
Account Security Score: 6
Ease of Accessing Loans Score: 9
Loan Repayment Terms Score: 9
Accessibility score: 9
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Standard Chartered Bank
Reliability Score: 9
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 8
Accessibility score: 8
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Stanbic Bank
Reliability Score: 8
Account Security Score: 9
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 8
Accessibility score: 8
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Family Bank
Reliability Score: 9
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 8
Accessibility score: 8
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Diamond Trust Bank
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 8
Accessibility score: 8
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Absa Bank
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 8
Accessibility score: 8
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National Bank
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 7
Loan Repayment Terms Score: 8
Accessibility score: 9
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Credit Bank
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 7
Loan Repayment Terms Score: 8
Accessibility score: 8
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Mayfair Bank
Reliability Score: 8
Account Security Score: 9
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 7
Accessibility score: 8
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Bank of Africa
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 9
Loan Repayment Terms Score: 7
Accessibility score: 7
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Ecobank
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 8
Loan Repayment Terms Score: 7
Accessibility score: 7
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HFC Kenya
Reliability Score: 8
Account Security Score: 8
Ease of Accessing Loans Score: 7
Loan Repayment Terms Score: 8
Accessibility score: 9
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I&M bank
Reliability Score: 8
Account Security Score: 7
Ease of Accessing Loans Score: 9
Loan Repayment Terms Score: 7
Accessibility score: 7
Conclusion:
The ranking above may not be a true reflection of the current situation as banks change their policies now and then. It is advisable to get information from the bank before opening a savings account with any bank. get more information from close friends who have accounts from the respective banks as well to get the true and clear picture of how the bank operates.
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