GAB Express GAB Net

Kuza Account

Where you save and earn!

KUZA Savings Account

You’d be surprised at just how little it takes to save with us – especially with Kuza. We believe that saving should be simple, and convenient. That’s why it’s simple, safe and rewarding to open a Kuza savings account.

The Kuza Account operates on a Mudarabah investment, meaning the customer provides funds, while the Bank invests them. Profits earned are shared between the customer and the Bank according to determined ratios, which the Bank publishes periodically, on their website.

Benefits

  • No monthly fee
  • No ledger fee
  • Access to free monthly E-statements
  • No Debit Card
  • No Cheque Book.

Features

  • Account available in KES and USD
  • The Mudarabah tenure for the Kuza Savings Account is three (3) months.
  • The customer shall be entitled to profit allocation only if the following 2 conditions are met during the entire Mudarabah tenure:
    • The customer maintains the required minimum balance of KES. 50,000 throughout the three- month Mudarabah tenure
    • Withdrawals from the account are limited to a maximum of one (1) during the tenure.
  • If either of the above conditions is not fulfilled, the customer shall not be eligible for profit allocation for that specific Mudarabah period.

Requirements

  • Minimum opening and operating balance of KES 1,000
  • Copy of national ID/Passport/Military certificate
  • 1 recent coloured passport size photograph
  • KRA PIN Certificate

Open an account

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