PostBank Kenya’s Save As You Earn (SAYE) Account: Smart, Structured Savings with Tax-Free Growth
The Save As You Earn (SAYE) Account by PostBank Kenya is a structured, goal-oriented savings plan designed for individuals and groups seeking flexible contract-based savings. Whether you’re employed, self-employed, or saving on behalf of a child or organization, the SAYE Account offers a hassle-free, tax-free, and customizable savings journey.
Types of SAYE Accounts Available
PostBank Kenya ensures that the SAYE account caters to all categories of savers:
- ✅ Personal Account – Individual-focused savings.
- ✅ Joint Account – Ideal for couples or partners (2–3 members).
- ✅ Group Account – For savings groups or Chamas (4+ members).
- ✅ Trust Account – Managed by a company or legally constituted body.
- ✅ Children’s Account – For minors under the age of 18.
Key Benefits of the Save As You Earn Account
✅ No Ledger or Maintenance Fees
Save more without worrying about monthly charges or deductions from your balance.
✅ Tax-Free Interest
Enjoy attractive interest on your savings without tax deductions, making your money grow faster.
✅ Multiple Contract Periods
Choose from a range of contract durations to match your savings goals—short-term, mid-term, or long-term.
✅ Simultaneous Contracts
You can operate more than one contract at a time, giving you flexibility to plan for different financial goals.
✅ Contract Rollover Options
On contract maturity, you can roll over your savings into a new contract for continued growth and discipline.
✅ Simple Monthly Contributions
A minimum contribution of just Kshs. 500 makes it accessible to most Kenyans.
✅ Emergency Withdrawals Allowed
Premature payments are allowed in genuine emergencies, giving you some financial flexibility.
✅ Open to All Income Groups
Whether employed or self-employed, you can take advantage of SAYE’s structured savings plan.
How to Contribute to the SAYE Account
Depending on your income source, PostBank offers multiple contribution methods:
| Customer Type | Contribution Method |
|---|---|
| Employed (Salaried) | Check-off system or standing order |
| Self-employed | Cash or cheque deposit at any PostBank branch |
| Both categories | M-Pesa deposit via Paybill No. 200999 |
Requirements for Opening a SAYE Account
Starting your Save As You Earn Account is easy and quick. You need:
- Original and copy of a valid national ID or passport
- A duly completed SAYE application form
- A minimum monthly contribution of Kshs. 500
Once registered, you can start contributing immediately based on your selected contract terms.
Why Choose the SAYE Account from PostBank Kenya?
Unlike conventional savings accounts, the Save As You Earn Account gives you:
- Structured financial discipline
- Customizable contract periods
- Zero maintenance costs
- Nationwide accessibility through PostBank branches and agents
- Digital convenience with M-Pesa deposits
Whether saving for education, a project, or a rainy day, SAYE is a reliable tool for realizing your financial targets.
Start Saving the Smart Way Today
Open your SAYE Account at the nearest PostBank branch or agent outlet and take control of your financial future. With tax-free interest, flexible terms, and convenient payment options, the Save As You Earn Account is your ideal partner in structured saving.
Save Smart. Earn More. Stay Disciplined—with PostBank’s SAYE.
