Youngstar Account

Why should I open a savings account for my child?

It’s never too early for your child to learn the ropes of financial management. A Youngstar Account is especially tailored to the needs of your child. With only Kes 1,000, open a savings account for your child today to start building for a better tomorrow. Grow them into a saving culture with the best interest earning savings account for your child.

Below are the reasons to open a Youngstar savings account today.

Features

Opening & Minimum balance of Kes 1,000
Free deposits to the the account
Free standing orders from any ABC Bank account
Account available in USD, GBP and EUR
One free withdrawal per month

Benefits

One free banker’s cheque per quarter
Competitive interest earned
Free internal transfers within the ABC Bank branch network
Insurance services through ABC Insurance
Free e-statements

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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