BOA Savings Account

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Offers businesses and organizations a much more convenient and easier way to finance management.

Target Market:

  • Businesses
  • NGOs and religious organizations
  • Learning institutions


  • No monthly charges
  • Interest  of 1.5% p.a  is paid to the savings account for balances above 50,000
  • Free statement every 6 months
  • No ATM card and Cheque book issued
  • Over the counter withdrawals allowed once per months
  • Access to loans – up to 80% of savings


  • Low opening balance of Kshs 5,000
  • Interest is paid to balances above Kshs. 50,000
  • Interest paid every 3 months

Frequently Asked Questions

Who can open a BOA Savings account?

This account can be opened by individuals or business entrepreneurs, learning institutions as well as NGO’s and religious organizations. It offers customers an easier and a much more convenient way to proper financial management.

How much do I need to open account?

This account has a low opening balance of Kshs. 500 for individuals and Kshs. 5,000 for businesses.

How much do I pay to maintain this account?

There are no monthly charges on this Savings account.

Will I get an ATM card for withdrawals?

No, customers will not be issued with a Debit card. This applies to issuance of a Cheque book as well. This is because the account is a savings account and bank’s primary goal is to enable customers develop a good savings culture and exercise good financial management.

How soon can I withdraw money from the savings account?

You are allowed to withdraw cash over the counter once every three months.

How much interest will money in my account earn?

Interest of up to 3% p.a. is paid to the savings account

Will I be able to access loans once I open a BOA Savings account?

Yes. As a customer, you can access a loan of up to 80% of your savings.

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