Target Account

Looking for a savings account to help you save towards your goal?

ABC Target Account offers you the perfect avenue to save towards your goals. Earn interest while saving, whether you are dreaming of the best education for yourself or your child, buying a car, taking a holiday, raising a deposit for a house or saving for emergencies, our Target Account will make your dreams a reality. Let’s ensure that you activate the cardinal rule of managing money – Reward yourself by paying yourself first.

Here’s why the Target Savings Account is your best bet on savings.

Features

Opening balance of Kes. 1,000
Minimum monthly instalments of Kes 1,000 per month
No bank charges
Flexible saving duration from six months to ten years
No MasterCard debit card/Cheque book issued
Account also available in Kes, USD, GBP and EUR

Benefits

Competitive interest earned
Guaranteed returns

Cost of Credit

To compare different bank loan costs for commercial banks in Kenya Click Here to visit the Total Cost of Credit website.

Data Protection Privacy

In line with the Data Protection Act, click here to read our data protection privacy notice.

Key Facts Document

The Key Facts Document outlines all the features, benefits and charges of our various products to help you decide what product or service best suits you. Click here to read more.

CRS: What You Need to Know

The Common Reporting Standard (CRS) is a global initiative aimed at combating tax evasion and ensuring tax system integrity across participating countries. As part of this standard, we at ABC Bank, along with all other financial institutions, are required to gather and report specific information about your tax residency status. This includes details about your accounts and financial activities. To help you navigate these requirements and understand how they may impact you, we have provided a comprehensive overview of CRS and its implications. To review the Frequently Asked Questions (FAQs) on CRS, please click here.

FATCA Statement

FATCA requires foreign financial institutions (FFIs) to report to the IRS information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. ABC Bank is FATCA compliant in all its operations. To find out more about FATCA and how it affects you, please contact any of our branches or offices. We may contact you to request further information or documentation in order to verify your tax status under FATCA. For more information on FATCA, click here.
Review our FAQs here.

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