Investment Account
Grow Your Savings with Our Deposit Accounts
Looking for a secure way to grow your money? Our Deposit Accounts offer competitive interest rates, flexible terms, and easy access to your funds when needed.
Who Can Open a Deposit Account?
- Individuals
- Business Entrepreneurs
- Non-Profit Organizations
- Limited Companies
- Law Firms
Why Choose Our Deposit Accounts?
- Earn Higher Returns – Enjoy competitive interest rates.
- Flexible Access – Withdraw funds on short notice.
- Easy Transfers – Top up or transfer between your savings and current accounts.
- Expert Advice – Get guidance on transactions and interest calculations.
Types of Deposit Accounts
1. Call Deposit – Flexible & Short-Term
Perfect for short-term investments where funds may be needed anytime.
- Minimum deposit: Kshs 50,000
- No fixed investment period – deposit or withdraw anytime.
- Lower interest rates than fixed deposits.
- Monthly interest rates set by market conditions.
2. Fixed Deposit – Higher Returns for Longer-Term Savings
Ideal for those looking for higher interest rates with a fixed investment period.
- Minimum deposit: Kshs 50,000
- Fixed terms: 1, 2, 3, 6 months, or 1 year
- Higher interest rates than call deposits.
Start growing your savings today! Contact us or visit a BOA Kenya branch to open your deposit account.
This account has been tailor-made for formal and informal savings/investment groups (popularly known as Chamas) such as investment clubs, merry-go-round groups, dynamic groups, etc.
No, once the account is operational, there will be no minimum operating balance. In addition, a free current account will be provided with free standing orders to savings account.
Interest of up to 5% p.a. is paid to the savings account and up to 2.5% to the current account.
You are able to access unsecured loans ranging from Kes.100, 000 to Kes 1,500,000 Secured loans ranging from Kes. 100,000 to 50MIO.
Borrowing can be done by both registered and unregistered groups. The scope of the loan will be limited to wealth creation activities.
Yes, the loans will need security to be provided including Directors’ guarantees. Group members can also co-guarantee one another.
The loan repayment period is up to 48 months for unsecured and upto 60 months for secured.
BOA will assign a dedicated Relationship Manager to work with each Chama and who will also be involved in the Chama Loan processing. Chamas will also gain access to free regular Chama Clinics which will be conducted by the bank.