Absa Bank Kenya has increased the interest rate on deposits in the Absa Digital Savings account from 9 percent to 10 percent per annum, effective December 12, 2023, and valid until March 2024.
The high interest aims to foster a saving culture among Kenyans while maximizing returns with the new rate.
Further, Absa in a statement says the service is available for Kenyans and the diaspora, allowing individuals to open an account digitally via the app or website 24/7.
“The move by Absa Bank Kenya comes amid the bank’s ongoing rollout of a campaign dubbed Every Kind of Financial Solution for Every Kind of You that seeks to celebrate Kenyans’ resilience and educate them on appropriate measures to improve their personal financial wellness as well as enhance their capacity to access necessary funds to achieve their goals,” Absa stated.
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