USD Savings Accounts in Kenya — Dollar Rate Comparison

USD-denominated savings accounts from Kenyan banks. Compare rates, minimums, and features side by side.

Rates verified 13 Aug 2026 · 18 products tracked

Top Rate

7.00%

Mkenya Daima Diaspora Savings Account

Average Rate

2.81%

Across all products

Top Bank Rate

4.00%

Foreign Currency Savings Accounts

Products Tracked

MMF Average

9.41%

For comparison

Data as of 13 Aug 2026

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Top Savings Rates in Kenya

Ranked by interest rate. Includes bank savings and M-Pesa savings products. All rates verified from bank websites. Subject to 15% withholding tax.

Mkenya Daima Diaspora Savings Account

7.00% Family Bank

Min KES 10KAccess App

Digital

Premium Savings Account

7.00% Sidian Bank

Min KES 500Access App

Digital

Foreign Currency Savings Accounts

4.00% Consolidated Bank of Kenya

Min KES 200Access Branch/App

Bank

Diaspora Savings Account

4.00% Kingdom Bank

Min KES 100Access Branch/App

Bank

Dollar Savings Account

3.50% NCBA Bank

Min KES 500Access Branch/App

Bank

Fanaka Savings Account

3.25% HFC

Min KES 0Access App

Digital

Co-op Foreign Currency Account (USD)

3.00% Co-operative Bank

Min KES 10Access Branch/App

Bank

DTB Foreign Currency Account (USD)

3.00% DTB Bank

Min KES 0Access Branch/App

Bank

Stanbic Foreign Currency Account (USD)- International Savings Account

2.95% Stanbic Bank

Min KES 10KAccess Branch/App

Bank

Diaspora Current Savings Account

2.63% Gulf African

Min KES 100Access App

Digital

ABSA Foreign Savings Account (USD)

2.50% ABSA Kenya

Min KES 0Access Branch/App

Bank

Dollar Saving Account

2.00% Victoria Commercial Bank

Min KES 50KAccess Branch/App

Bank

Global Savings Account

2.00% ABC

Min KES 0Access Branch/App

Bank

Foreign Currency Savings Accounts

1.50% UBA Kenya

Min KES 10Access Branch/App

Bank

Prime Personal FCY Account

1.25% Prime Bank

Min KES 100Access App

Digital

Simba Savings

0.50% KCB Bank

Min KES 100Access Branch/App

Bank

Dollar Savings Account

0.50% BOA

Min KES 50Access App

Digital

Foreign Currency Savings Accounts

0.05% Standard Chartered

Min KES 500Access Branch/App

Bank

Savings vs MMF vs Fixed Deposit

The best savings account (KCB M-Pesa) pays 8.5% — below the average MMF yield (~9.4%). MMFs are CMA-regulated with daily liquidity and generally higher returns. Savings accounts offer KDIC insurance (up to KES 500K) and flexible access. Fixed deposits lock your money but guarantee the rate. Choose based on your need for flexibility, insurance, and minimum amount.

All Savings Rates at a Glance

What this shows

Every savings product ranked by rate. The dashed line shows the average MMF yield for comparison. Most savings accounts fall below the line — MMFs generally offer better returns, but savings accounts provide KDIC insurance and flexible access.

Savings Account Yields

All tracked savings products ranked by interest rate, showing how each compares to the MMF average benchmark.

MMF Average: 9.41%

All Savings Products — Compared

Click any column header to sort. Pay attention to minimum balance, access type, and whether the rate is fixed or variable.

Product ↕	Rate ↓	Minimum ↕	Institution ↕	Access ↕	Type ↕
Mkenya Daima Diaspora Savings Account	7.00%	KES 10K	Family Bank	App	Digital
Premium Savings Account	7.00%	KES 500	Sidian Bank	App	Digital
Foreign Currency Savings Accounts	4.00%	KES 200	Consolidated Bank of Kenya	Branch/App	Bank
Diaspora Savings Account	4.00%	KES 100	Kingdom Bank	Branch/App	Bank
Dollar Savings Account	3.50%	KES 500	NCBA Bank	Branch/App	Bank
Fanaka Savings Account	3.25%	KES 0	HFC	App	Digital
Co-op Foreign Currency Account (USD)	3.00%	KES 10	Co-operative Bank	Branch/App	Bank
DTB Foreign Currency Account (USD)	3.00%	KES 0	DTB Bank	Branch/App	Bank
Stanbic Foreign Currency Account (USD)- International Savings Account	2.95%	KES 10K	Stanbic Bank	Branch/App	Bank
Diaspora Current Savings Account	2.63%	KES 100	Gulf African	App	Digital
ABSA Foreign Savings Account (USD)	2.50%	KES 0	ABSA Kenya	Branch/App	Bank
Dollar Saving Account	2.00%	KES 50K	Victoria Commercial Bank	Branch/App	Bank
Global Savings Account	2.00%	KES 0	ABC	Branch/App	Bank
Foreign Currency Savings Accounts	1.50%	KES 10	UBA Kenya	Branch/App	Bank
Prime Personal FCY Account	1.25%	KES 100	Prime Bank	App	Digital
Simba Savings	0.50%	KES 100	KCB Bank	Branch/App	Bank
Dollar Savings Account	0.50%	KES 50	BOA	App	Digital
Foreign Currency Savings Accounts	0.05%	KES 500	Standard Chartered	Branch/App	Bank

* Published rate may vary based on account tier, deposit amount, or negotiated terms. Verify directly with the institution.

How Savings Accounts Work in Kenya

The basics you need to know before choosing a savings account.

Flexible access to your money

Unlike fixed deposits, savings accounts let you deposit and withdraw freely. Some goal-based accounts have lock-in periods for higher rates.

Digital accounts often pay more

M-Pesa savings products (M-Shwari, KCB M-Pesa) and digital-focused accounts (ABSA Digital) often offer higher rates than traditional branch-based accounts by cutting overhead costs.

Rates can change anytime

Unlike fixed deposits, savings rates are not locked. Banks can adjust them based on the CBK base rate and market conditions. Rates shown are current published rates and may change without notice.

15% withholding tax applies

All interest from savings accounts is subject to 15% withholding tax, deducted automatically by the bank before paying you interest.

Frequently Asked Questions

As of March 2026, KCB M-Pesa offers 8.5% p.a. — the highest advertised rate at time of last verification. KCB Savings offers up to 7.5% for goal-based savers. M-Shwari pays 6.3% p.a. ABSA offers tiered rates up to 6% for balances above KES 1M. Most traditional bank savings accounts pay 3.25–5%.

M-Pesa savings products (M-Shwari, KCB M-Pesa) are accessed via your phone's M-Pesa menu and tend to offer higher rates (6.3–8.5%) than most traditional bank savings (3.25–7.5%). They're convenient but may have lower deposit/withdrawal limits. Traditional bank savings offer branch access and integration with other banking services.

For most people, MMFs offer better returns — the average MMF yields ~9.4% while the best savings account pays 8.5%. MMFs are CMA-regulated with stricter investor protections. Bank deposits are KDIC-insured up to KES 500K. For amounts under KES 500K, the KDIC insurance may be more valuable than CMA regulation, but you’ll earn less interest. New to MMFs? Read the Beginner’s Guide → Compare savings and MMFs on the marketplace →

Yes — M-Shwari and KCB M-Pesa are accessed through the M-Pesa menu on your phone. Equity, KCB, and NCBA also allow account opening via their mobile apps. Standard Chartered accepts online applications. ABSA Digital Savings can be opened via the Absa app.

Bank savings accounts are KDIC-insured up to KES 500,000 per depositor per institution (as of March 2026). This includes ABSA, KCB, Equity, Co-op, Standard Chartered, I&M, and others. M-Pesa products like M-Shwari (held at NCBA) and KCB M-Pesa are also covered through their partner banks.

Compare other investment options

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Product ↕

Rate ↓

Minimum ↕

News

Mkenya Daima Diaspora Savings Account

7.00%

KES 10K

Premium Savings Account

7.00%

KES 500

Foreign Currency Savings Accounts

4.00%

KES 200

Diaspora Savings Account

4.00%

KES 100

Dollar Savings Account

3.50%

KES 500

Fanaka Savings Account

3.25%

KES 0

Co-op Foreign Currency Account (USD)

3.00%

KES 10

DTB Foreign Currency Account (USD)

3.00%

KES 0

Stanbic Foreign Currency Account (USD)- International Savings Account

2.95%

KES 10K

Diaspora Current Savings Account

2.63%

KES 100

ABSA Foreign Savings Account (USD)

2.50%

KES 0

Dollar Saving Account

2.00%

KES 50K

Global Savings Account

2.00%

KES 0

Foreign Currency Savings Accounts

1.50%

KES 10

Prime Personal FCY Account

1.25%

KES 100

Simba Savings

0.50%

KES 100

Dollar Savings Account

0.50%

KES 50

Foreign Currency Savings Accounts

0.05%

KES 500

Stay Ahead of the Money Market Fund (MMF), Bonds, Fixed Deposits and More.

USD Savings Accounts in Kenya — Dollar Rate Comparison

Top Savings Rates in Kenya

Savings vs MMF vs Fixed Deposit

All Savings Rates at a Glance

Savings Account Yields

All Savings Products — Compared

How Savings Accounts Work in Kenya

Flexible access to your money

Digital accounts often pay more

Rates can change anytime

15% withholding tax applies

Frequently Asked Questions

Compare other investment options

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USD Savings Accounts in Kenya — Dollar Rate Comparison

Top Savings Rates in Kenya

Savings vs MMF vs Fixed Deposit

All Savings Rates at a Glance

Savings Account Yields

All Savings Products — Compared

How Savings Accounts Work in Kenya

Flexible access to your money

Digital accounts often pay more

Rates can change anytime

15% withholding tax applies

Frequently Asked Questions

Compare other investment options