The PostBank Premium Plus Account is a specialized, high-interest term deposit designed for corporate and institutional clients in Kenya. Offering tax-free returns of up to 9%, this account stands out as one of the country’s most competitive short- to medium-term fixed-income investment options.
Backed by Section 35 of the Income Tax Act Cap 470, the Premium Plus Account ensures that all interest earned is completely tax-exempt—making it especially attractive to businesses, NGOs, SACCOs, and government bodies looking to grow surplus funds without any deductions or hidden fees.
What Is the PostBank Premium Plus Account?
The Premium Plus Account is a corporate term deposit product offered by PostBank Kenya, targeting large investors such as:
- Corporations
- SACCOs
- NGOs and donor-funded projects
- Government institutions
- Investment groups
It requires a minimum consolidated investment of Kshs. 10,000,000, with investment terms ranging from 3 to 12 months.
Key Benefits of the PostBank Premium Plus Account
✅ Up to 9% Tax-Free Interest
- Enjoy interest rates of up to 9% per annum, exempt from all taxation under the Income Tax Act.
- The tax-equivalent yield is approximately 12.86%, making it significantly more rewarding than most money market funds or commercial fixed deposits.
✅ Zero Management or Maintenance Fees
- No wealth management costs
- No monthly ledger fees
- No account maintenance charges
✅ Flexible Investment Terms
- Minimum deposit term: 3 months
- Maximum term: 12 months
✅ Convenient Funding Options
- Fund your Premium Plus Account through cash, cheque, or electronic transfer
✅ Consolidated Fund Investment
- Institutions may combine funds from multiple accounts to reach the Kshs. 10 million threshold and enjoy the Premium Plus rate benefits.
Eligibility and Account Opening Requirements
To open a PostBank Premium Plus Account, your institution must meet the following conditions:
- Minimum investment: Kshs. 10,000,000 (single or consolidated)
- Corporate registration documents (as per onboarding requirements)
- Valid PostBank account or a designated partner bank account
- Completed Premium Plus investment instruction form
Once the documentation is complete, PostBank facilitates a seamless account setup and investment placement.
Why Choose the Premium Plus Account?
| Feature | Benefit |
|---|---|
| High-Interest Yield | Up to 9% per annum |
| Tax-Free Income | 100% of interest retained |
| Flexible Tenure | 3 to 12 months investment period |
| No Fees | Zero wealth management or ledger fees |
| Wide Accessibility | For corporates, NGOs, and government |
| Fund Consolidation | Combine accounts to reach threshold |
Why It’s a Smart Investment for Institutions
The PostBank Premium Plus Account is perfect for institutions looking to:
- Secure idle funds with capital preservation
- Maximize returns through legal tax exemption
- Boost interest income with high fixed rates
- Diversify portfolios beyond conventional bank deposits
It outperforms many money market funds, which are subject to tax and fluctuating returns, by offering predictable, net-of-tax earnings.
How to Get Started
Ready to grow your corporate funds tax-free?
📍 Visit your nearest PostBank branch
📞 Contact your corporate relationship manager
📑 Submit your investment instruction form and supporting documents
PostBank Premium Plus Account: Where institutional money earns more—securely, efficiently, and tax-free.
