Best Savings Accounts in Lamu 2026
Compare 36+ savings accounts from 2+ banks in Lamu County. 42% of adults have access to financial services.
There are 36 savings accounts available in Lamu County, Kenya, with 2 banks serving the area. Interest rates range from 12.0% to 20.0% monthly. Population: 143,920.
Lamu County Financial Overview
Lamu County is a UNESCO World Heritage Site with unique Swahili culture. The county is experiencing transformation with the LAPSSET port development at Manda Bay.
Main Industries
Popular Financial Products
Banks Offering Savings Accounts in Lamu
Compare Savings Accounts Available in Lamu
ABC Bank Savings Account
ABC Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
ABSA Bank Savings Account
FeaturedABSA Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Access Bank Savings Account
Access Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Bank of Baroda Savings Account
Bank of Baroda Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Bank of Africa Savings Account
FeaturedBank of Africa Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Bank of India Savings Account
Bank of India Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Consolidated Bank Savings Account
Consolidated Bank of Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Co-op Jumbo Junior Account
FeaturedCo-operative Bank of Kenya
- ✓No monthly fees
- ✓Mobile banking for guardians
Credit Bank Savings Account
Credit Bank Limited
- ✓Free Visa debit card
- ✓Mobile & internet banking
DIB Bank Savings Account
DIB Bank Kenya
- ✓Sharia-compliant (no interest, profit-sharing)
- ✓No monthly maintenance fees
Diamond Trust Bank Savings Account
FeaturedDiamond Trust Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Ecobank Savings Account
Ecobank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Equity Fixed Deposit Account
FeaturedEquity Bank Kenya
- ✓Interest paid monthly or at maturity
- ✓Auto-renewal option
Family Bank Savings Account
FeaturedFamily Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Guaranty Trust Bank Savings Account
Guaranty Trust Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Guardian Bank Savings Account
Guardian Bank Limited
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Gulf African Bank Savings Account
Gulf African Bank
- ✓Sharia-compliant (no interest, profit-sharing)
- ✓No monthly maintenance fees
Habib Bank AG Zurich Savings Account
Habib Bank AG Zurich Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
HF Group Savings Account
FeaturedHF Group (Housing Finance)
- ✓No monthly maintenance fees
- ✓Free Visa debit card
I&M Bank Savings Account
FeaturedI&M Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
KCB Goal Savings Account
FeaturedKenya Commercial Bank
- ✓No monthly fees
- ✓Free ATM card
Kingdom Bank Savings Account
Kingdom Bank Limited
- ✓No monthly maintenance fees
- ✓Free Visa debit card
M Oriental Bank Savings Account
M Oriental Bank Limited
- ✓Free Visa debit card
- ✓Mobile & internet banking
Mayfair CIB Bank Savings Account
Mayfair CIB Bank
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Middle East Bank Savings Account
Middle East Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
National Bank of Savings Account
FeaturedNational Bank of Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
NCBA Group Savings Account
FeaturedNCBA Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Paramount Bank Savings Account
Paramount Bank Limited
- ✓Free Visa debit card
- ✓Mobile & internet banking
Prime Bank Savings Account
Prime Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
SBM Bank Savings Account
SBM Bank Kenya
- ✓Free Visa debit card
- ✓Mobile & internet banking
Standard Chartered Savings Account
FeaturedStandard Chartered Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Sidian Bank Savings Account
Sidian Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Spire Bank Savings Account
Spire Bank Limited
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Stanbic Bank Savings Account
FeaturedStanbic Bank Kenya
- ✓No monthly maintenance fees
- ✓Free Visa debit card
UBA Bank Savings Account
UBA Kenya Bank
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Victoria Commercial Bank Savings Account
Victoria Commercial Bank
- ✓No monthly maintenance fees
- ✓Free Visa debit card
Tips for Getting Savings Accounts in Lamu
- 💡Islamic banking products available and preferred by many
- 💡Tourism operators can find seasonal business financing
- 💡Fishing communities access microfinance and group lending
- 💡Mobile money essential for the islands
How to Apply for Savings Accounts in Lamu
- Compare: Use PesaMarket to compare savings accounts from 2+ banks
- Check eligibility: Review requirements for your preferred product - income, age, CRB status
- Gather documents: Prepare ID, KRA PIN, payslips or M-Pesa statements
- Apply: Visit a branch in Lamu or apply online through the bank's website/app
- Wait for approval: Most savings accounts are processed within 24-72 hours
Frequently Asked Questions: Savings Accounts in Lamu
What are the best Savings Accounts in Lamu County?
The best savings accounts in Lamu include products from KCB, Equity Bank. Interest rates start from around 15.0% p.a. depending on the product and your credit profile. Compare all 36+ options on PesaMarket to find the best fit for your needs.
How do I apply for savings accounts in Lamu?
To apply for savings accounts in Lamu: 1) Compare products on PesaMarket to find the best rates. 2) Check eligibility requirements for your preferred option. 3) Visit a bank branch in Lamu or Mpeketoni or apply online. 4) Submit required documents including ID, KRA PIN, and proof of income. Most applications are processed within 24-48 hours.
Which banks have branches in Lamu County?
Major banks with branches in Lamu include: KCB (2 branches - Lamu, Mpeketoni); Equity Bank (1 branches - Mpeketoni). You can also access mobile banking and digital loans from anywhere in Lamu.
What is the minimum salary to qualify for savings accounts in Lamu?
Minimum salary requirements for savings accounts in Lamu vary by provider. Most banks require a minimum monthly income of KES 15,000-30,000 for personal loans. Digital lenders like Branch, Tala, and M-Shwari have lower requirements. Self-employed individuals can qualify with 6+ months of M-Pesa statements or business records.
Are there savings accounts without CRB check in Lamu?
Some digital lenders in Lamu offer savings accounts with flexible CRB requirements. M-Shwari, Fuliza, and some app-based lenders may approve loans for first-time borrowers or those rebuilding credit. However, most banks will check your CRB status. You can check your CRB report for free once a year at any CRB bureau.
Savings Accounts in Nearby Coast Counties
Other Financial Products in Lamu
Also in Lamu
Savings Accounts in Lamu's Major Towns
Whether you're in Lamu, Mpeketoni, Witu, or any other part of Lamu County, you can access savings accounts from leading financial institutions. Lamu has the most bank branches, but mobile banking and digital loans are available across the entire Coast region. Our platform helps you compare rates and find the best savings accounts for your needs.
Ready to Apply?
Compare 36+ savings accounts from top banks in Lamu. Find the best rates and apply online today.