Paramount Bank Limited

Compare all 3 products from Paramount Bank Limited in Kenya. Rates from 0%.

Lowest Rate

Total Products

Savings Accounts

Product	Rate	Amount	Turnaround
Paramount Bank Savings Account	4.5%	N/A	N/A	Apply

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Current Accounts

Product	Rate	Amount	Turnaround
Paramount Bank Current Account	0%	N/A	N/A	Apply

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Fixed Deposits

Product	Rate	Amount	Turnaround
Paramount Bank Fixed Deposit Account	6% - 8.5%	N/A	N/A	Apply

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Paramount Bank Limited Pros & Cons

+Pros

✓Competitive interest rate (4.5%)
✓Mobile banking access
✓12 free transactions monthly
✓Free Visa debit card
✓Top-of-market rates (up to 8.5% p.a.)
✓Personalised banker relationship

-Cons

✗Limited branch network
✗KES 4,000 minimum opening balance
✗KES 90 per withdrawal
✗Monthly fee of KES 400
✗Charges apply for excess transactions
✗Digital channels less developed

Eligibility Requirements

CRB Check Required

Not required

Required Documents (across all products)

●National ID or Passport
●KRA PIN certificate
●Passport-size photo
●Proof of income or employment
●Proof of source of funds (for deposits above KES 500,000)

Frequently Asked Questions

What interest rates does Paramount Bank Limited offer?

Paramount Bank Limited offers interest rates ranging from 0% to 8.5% across their 3 products. The exact rate depends on the product type, loan amount, and your credit profile.

Does Paramount Bank Limited require CRB clearance?

Paramount Bank Limited does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.