Thursday, September 15, 2016

CBA M-shwari Savings To Earn Minimum 7.35pc Interest Rate

    September 15, 2016   No comments

Commercial Bank of Africa (CBA) and Safaricom's mobile credit and banking services platform,M-shwari  will start giving a minimum of 7.35% per annum interest rates on all savings by their customers.

Read Equity Bank Eazzy loan interest rates

Communicating the message to Mshwari users,Safaricom sent direct SMS to notify clients of the change;

Dear customer, from 14/09/2016, your M-Shwari deposit will earn interest of 7.35% p.a, being 70% of CBR. Loan Facility Fees remain unchanged at 7.5% per loan.
Mshwari deposits rates 7.35%
M-shwari however will continue to give its mobile micro loans at facility fee of 7.5% per loan.

Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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