Best Banks in Kenya to Open children Account



If you are about to open a children account for your child, you have to carefully the best bank,,,and how do you know whether this bank would meet your needs?

The first thing to consider is the stability of the bank. Since you will save up to 18 years, you need a bank which cannot collapse. You also need a bank which does not attach a lot of costs for running the account. Finally, you need a bank which rewards you interest on the savings. Looking at these factors, we arrived at these banks as the best to open a child’s savings account.

  1. KCB Bank

KCB Bank is the richest bank in Kenya with assets totaling over Ksh 100 billion. The bank runs a cub account, which is specifically for children below age 18.

Conditions for opening cub account at KCB are as follows

KCB Cub account is a product targeting children and teenagers below the age of 18 years. The product is a free account that offers parents a saving platform where they can put away money for their children’s future


  • Free banker’s cheque per term to pay school fees
  • One free standing order per month
  • A free cubby kit to enable them start saving at home
  • Enjoy an interest rate of 7.35% p.a. on your savings
  • Free education insurance policy

Qualifying Criteria

  • Copy of child’s birth certificate / birth notification
  • Copy of parent’s national ID / Passoport
  • An opening balance of Kshs. 1,000
  1. Equity Bank

Equity Bank has account for children, which goes by the name Junior Member Account. Since Equity is a stable bank, you can be sure your money is safe.

Features and Conditions for opening this account are:


  • Account operating and opening balance of Ksh 200.
  • Free internal standing orders.
  • Two free withdrawals in a year.
  • On request, customers will be issued with an identification card.


  • Easy to open and affordable
  • Affordable: No account maintenance balance or monthly charges.
  • Convenient: One can access the account through our branches countrywide.
  • Free home bank and e-birthday card.
  • Free financial education booklet.
  • Free financial education during Junior Member open days.


  • Parent’s original and copy of National ID.
  • Original and photocopy of child’s birth certificate.
  1. Cooperative Bank

Cooperative Bank is another stable bank which offers account services for children.Jumbo Junior Access is the name of account for children at Cooperative Bank.Features and how to open the account are explained below

Jumbo Junior Access


Transactional account designed for children below the age of 18 years for the safe keeping of money.


  • Automatic membership to the Jumbo Junior Club, which entitles one to:

*Free ele-bank on opening new account.
*Free birthday card every anniversary
*Negotiated discounts on presentation of Jumbo Junior debit card at selected bookshops, uniform distributors and hospitals (Gertrude’s children Hospital)

  • Upgrade of Jumbo Junior customers
  • Discounted Bank cheques for fees payment for account holders only.


  • Parents/guardian ID card-original and a copy.
  • Copy of Birth Certificate of the child, or notification of birth or baptismal card.
  • Minimum opening balance of KShs.1050.

These are three banks where you can save your money and be sure it will be safe until the kid clocks 18.