Co-op Jumbo Junior Account
Pros
- +Dedicated children's savings (0-18 years)
- +7% interest p.a.
- +No monthly fees
- +Free ATM card at age 13+
Compare Co-op Jumbo Junior Account and Equity Fixed Deposit Account side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best savings accounts for you.
| Feature | Co-op Jumbo Junior Account Co-operative Bank of Kenya | Equity Fixed Deposit Account Equity Bank Kenya |
|---|---|---|
| Interest Rate | 7% p.a. Best Rate |
| Loan Amount Range | N/A | N/A |
| Repayment Period | N/A | N/A |
| Fees | N/A | N/A Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Co-op Jumbo Junior Account offers a more competitive interest rate starting at 7% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Co-op Jumbo Junior Account from Co-operative Bank of Kenya may be better for Dedicated children's savings (0-18 years), while Equity Fixed Deposit Account from Equity Bank Kenya excels at High interest rates up to 10.5% p.a..
Co-op Jumbo Junior Account from Co-operative Bank of Kenya offers rates from 7% p.a. with loan amounts up to KES varies. Equity Fixed Deposit Account from Equity Bank Kenya offers rates from 10.5% p.a. with loan amounts up to KES varies. Compare features, fees, and eligibility requirements above.
Approval times vary: Co-op Jumbo Junior Account typically takes 24-48 hours, while Equity Fixed Deposit Account processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many savings accounts are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.