SBM Bank Fixed Deposit Account
SBM Bank Kenya
Last updated: April 16, 2026
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0/5Based on 0 Reviews
Interest Rate
6.25% - 8.75% p.a.
Credit Limit
N/A
Approval Time
N/A
Processing Fee
None
Rating Breakdown
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Total: 0 Reviews
Pros & Cons
Pros
- Strong rates up to 8.75% p.a.
- Wide branch network (10+ branches)
- Trusted Tier 1/2 brand
- Premier relationship banking
- KDIC insured up to KES 500,000
Cons
- High minimum (KES 25,000)
- Early withdrawal forfeits accrued interest
- Funds locked for chosen tenure
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Product Details
Features
- Tiered rates up to 8.75% p.a. on 36-month tenure
- Flexible tenure: 3, 6, 12, 24 and 36 months
- Interest paid monthly, quarterly or at maturity
- Loan facility against deposit (up to 90% of principal)
- Relationship banking benefits â premier services for larger deposits
- M-Pesa and mobile banking top-ups supported
- KDIC insured up to KES 500,000 per depositor
- Automatic rollover on maturity (principal + interest or principal only)
Eligibility Requirements
Age: 18 years
Required Documents
- National ID or Passport
- KRA PIN certificate
- Passport-size photo
- Proof of source of funds (for deposits above KES 500,000)
Ready to Apply?
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