Kenya: KCB Cuts Rates on Savings After Deposit Floor Scrap

16 October 2018

Kenya Commercial Bank (KCB) has slashed interest rates on savings accounts as Equity Bank signalled a similar move after the deposit floor was removed.

KCB put up a notice on Tuesday showing that it will now be paying customers an interest of seven percent per annum on KCB goal savings account, down from 8.5 percent that it has been offering since launching the account in June last year.

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