SBM Bank Kenya has opened a special deposit window targeting Sh3.5 billion in fresh funds, offering investors annual returns of up to 11.25 percent and 6.5 percent for deposits of at least Sh10 million or $100,000 (Sh12.9 million), respectively, to be locked in for two years or more.
The deposit mobilisation will be through a high-yield fixed deposit product offered in both Kenyan shillings and US dollars, open for roughly two weeks or until the bank meets its fundraising target.
