HomeFINANCE9 Very Best Kids Saving Accounts in Kenya

9 Very Best Kids Saving Accounts in Kenya

Today I will abide you through the best Children’s savings accounts in Kenya, but first, let’s talk concerning savings habits.

kid's saving
kid’s saving

While we were youthful, our parents taught us the art of conservation, where they would buy us a flowery piggy bank to put our coins.
Forming the habit of savings from a very youthful age is very important since you will learn that saving small money to accomplish a specific task is essential.
Nevertheless, it may be hard because you have to develop discipline and tolerance.
This is why different banks have come up with junior accounts where parents can efficiently open an account for their kids and begin depositing money used in their future.
If you have not begun saving for your child’s future, fear not. It is never too late to begin. Below is a long list of the best Kids saving accounts from the most profitable banks in Kenya for savings.

Best kids savings account in Kenya.

These are the most promising junior accounts you can regard opening for your kids.

Jumbo Junior

This is a development of the Co-operative Bank of Kenya. The Jumbo Junior account is developed for children who are 18 years old and beneath.
It occurs to be the oldest accounts, having been founded in 1995.

Requirements for opening a Jumbo account

Must have a parent’s or caretaker’s original ID Card & copy or Valid Passport
A copy of the child’s birth certification or birth or baptismal card
A minimum of Ksh 1,050 as opening account credit
A Minimum KES 500 working balance
A copy of KRA PIN

Benefits of having a Jumbo Account

An Automatic membership to the Jumbo Juniors Club, which permits one to:
Free ele-bank on unlocking a new account
Free birthday card each anniversary
Discounted bank cheques for expenses paid for account holders only.
Interest expected at 4%

Junior Eagle Savings Account

The account is another product of Absa Bank of Kenya developed for children between the ages of 0 to 18year old.
The parent or caretaker is the only one authorized to employ the account. On opening, this account owner is qualified to join the Eagles club.

How to open a Junior eagle account

Original Birth Certificate/ adoption papers if the child is adopted.
National ID or Passport
Passport size photo
Address proof
Proof of residency
Copy of Payslip or Income mandate form to be filled

Cub Account

Cub account is another KCB Bank product targeting kids and teenagers below the age of 18 years.
The product is a free account that presents parents a saving platform to put away money for their kids’ future.

How to open a cub account

Must have a genuine copy of the child’s birth certificate/birth notification
Must have a genuine copy of the parent’s national ID/a valid Passport
Should at least have a starting balance of Kshs. 1,000

Benefits that come with Cub account

A free cubby kit to facilitate them to begin saving at home
Enjoy a great interest rate of 5% p.a. on individual savings
Free banker’s cheque per period to pay school fees
One freestanding order everymonth
Unrestricted life insurance cover

Junior Member Account

The Junior member is a kids’ account owned by Equity Bank of Kenya.
Unlike other junior accounts that only target children of 18 years and below, this respective one targets children especially below 13 years.

Opening account Requirements

Must Parent’s original & copy of National ID/Passport
Must present Original and photocopy of the kid’s birth certificate
Have an starting balance of KES 200

Advantages of Junior Member account

Complimentary home bank and e-birthday card.
Unrestricted financial education booklet.
Free financial education during Junior Member open days.
Complimentary counter withdrawals

Young Savers account

This is a savings account by I&M Bank created for children.
For you to open an account for your kid, you require a minimum balance of just KES1,000
No checkbooks or ATM Cards are given, and there are no ledger fees or account upkeep charges.

Advantages of Young savers

No ledger fee is needed.
No Transaction Charges
A young Savers Membership card is administered, which entitles the child to enjoy discounts at numerous shops and other outlets.
If no withdrawals within 1 calendar year, extra interest of 1% at the end of the calendar year on average annually balance

Safari Junior Account

The Safari Junior account This is a kids for the Standard Chartered Bank.
How to open a Safari junior account
Should have a lowest opening balance of KES 2,000, from which you start to earn interest. The interest on this account is expected at the end of every calendar quarter.
One withdrawal each calendar quarter


Available in KES solely
Earns elevated rates of interest. Interest is payable at the ending of every calendar quarter (Rates can be advised via our Contact Centre, at our branches, or via your Relationship Manager)

Amanah Vision (Children Savings) Account

This is an account developed for children by the National Bank of Kenya. This account is run by parents/ guardians on behalf of the kid and offers interest deposits exceeding KES 5,000 up to 5.5% per year.

Benefits of Amanah Vision

Should have a minimum of Ksh 500 as operating balance
No account keeping fee needed
One free banker’s cheque every quarter for school fees payments
Freestanding demand to Amanah Vision account

Mdosi Junior Visionary

Most Junior is a kids’ savings account held by Family bank. The account is for children below the years of 12 years old.

Requirements for opening Mdosi account

Must have parents/ guardian initial and Copy of National ID/Valid Passport
Original & Copy of Birth Certificate/ Birth Notification/ Clinic Card and Baptism Card
Start balance of Kshs 200/= or Kshs 1,000 for your kid to start using Henry or Hannah Hippo Bank instantly.


Freestanding ordering from your Family Bank account to Mdosi Junior account
Free Banker’s Cheque for the expense of the child’s school fees
Free photo of parent/guardian accepted at the branch
No register fees charged
We are now delivering your son or daughter an chance to learn the discipline of saving by delivering a free Home Bank.

Young Champions

The account is a development of the Commercial Bank of Africa established for children under 18 years.


Duly finished and signed the application form.
Original and certified ID/a valid passport
Two recent passport-sized photographs
Letter of preface from your employer, one referee who has been a CBA account ownership for at least six months, & a bank reference


Maximizes forthcoming savings for your kids
Provides a significant return on your funds with an appealing interest rate
Open in both local and foreign currency.



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