BORA CURRENT ACCOUNT: THE ONLY INTEREST EARNING CURRENT ACCOUNT IN KENYA

This is an interest bearing checking account, which can be in Kenya Shillings or in any foreign currency, and is designed to provide the account holder with a convenient access to their funds through issuing of cheques.  This account aims to cover all individuals and corporate clients. The Bora current account earns a 10% interest p.a. It is the only interest earning current account in Kenya.

Features:

  1. Account Opening Balance – Kshs. 5,000
  2. Nil operating balance
  3. Ledger fees- Kshs. 400
  4. Interest to be paid at 10% p.a.
  5. Instant 3 month overdraft to be availed

Benefits:

  1. Access to: Internet banking, a Cheque book and Mobile banking
  2. E-Statements are available

BORA SAVINGS ACCOUNT

This is a Convenient and easy to operate savings account designed to help individuals and enterprises put aside some money for emergency situations and/or a secure future. 

Features:

  1. Account opening balance – Kshs. 1,000
  2. Minimum operating balance Kshs. 1000
  3. No ledger fees
  4. Only 1 withdrawal per quarter – any further withdrawals to attract a charge of Kshs. 300
  5. Interest to be paid at Treasury Bill 1% on cleared balances daily and credited to the account monthly

Benefits:

  1. Access to: Internet banking and Mobile banking
  2. E-Statements are available
  3. Instant loan to be granted against 90% of savings with a repayment period of 1 year

BORA TRANSACTION ACCOUNT

This is an affordable transactional account targeting individuals and businesses.

Features:

  1. Account Opening Balance – Kshs. 5,000.00
  2. Nil operating balance
  3. No ledger fees
  4. Instant 3 month overdraft to be availed

Benefits:

  1. Access to: Internet banking and Mobile banking
  2. E-Statements are available

TOTO BORA ACCOUNT

This is an account that targets parents who wish to save for their children until they attain the age of eighteen.

Features:

  1. Opening and minimum balance at Kshs. 500
  2. One withdrawal per quarter
  3. Free standing order from the guardian's account
  4. Interest to be paid at Treasury Bill on cleared balances daily and credited to the account monthly
  5. One free banker's cheque per term for fee payment

Benefits:

  1. No monthly maintenance charge
  2. Interest payment on balance above Kshs. 5,000

FOREIGN CURRENCY ACCOUNTS
Available in; US Dollar, Sterling Pound and Euro

Current Accounts:

  USD GBP EURO
Minimum Balance 25 20 25
Monthly Charge 5 5 5
Inward Swift charge 10 10 10
Outward Swift Charge 10 10 10

Savings Accounts:

  USD GBP EURO
Minimum Balance 50 50 50
Withdrawal charges (limited to one free withdrawal per quarter) 15 15 15

FIXED AND CALL DEPOSIT ACCOUNTS
Available in Kenya Shilling, Sterling Pound, US Dollar and Euro.