5 mobile savings apps in Kenya

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Saving can sometimes be a daunting task. A mobile saving app could be the solution. Therefore to easy your saving journey here are 5 mobile apps for saving money in Kenya that will change your saving game in 2022

chumz savings app1. Chumz.

Described as a Mobile App for saving  that enables users to save and invest money for targeted goals as a group or individuals.

Yes, this app enables users to set goals on the app.

It also alerts you when to save based on your mobile money transactions and balances. You can save as low as sh.5.

How to successfully save in 2022

KCB mobile app2. KCB APP

KCB mobile app is described as a mobile app for saving for both KCB and non-KCB customers. In addition to saving you can also buy airtime, pay bills, send money to Mpesa, withdraw money and make cash transfers.

 

flexpay app3. Flexpay app

Have you ever wished that you could save up in small chunks to make a purchase? Well, flexpay app helps you break down payments for purchases into smaller portions that you can pay over a period of time.

Yes, this app allows you to set a goal for example buy a device and then you can start saving money towards buying the item from the App’s network of merchants. You can also see the remaining balance left towards making the purchase.

sortika app icon image4.Sortika app

This Mobile App for saving enables you to not only save towards your goals but also earns you 1% per month on your savings. That is your savings earn 12% per year. In addition to that, you can invest your savings in the app in different regulated asset classes and other regulated investments. This investment can give you up to a 25% return on your investment.

Sounds like a great app doesn’t it? As always make sure that you do your due diligence first before placing your hard-earned money anywhere.

5. MySafaricom App

This app enables one to access MSHWARI. This is a product by Safaricom that allows you to save as low as sh.1 for a period of one to 12 months. This product(Mshwari) also gives you an interest of 6.3% per annum on your savings.

If there are any more savings apps that you know feel free to share in the comments section below. That’s all for this article.

 

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Gertrude Njeri is an expert in creating personal finance content and has a bachelor’s degree in accounting. She is a skilled personal finance content creator with more than three years of expertise (writer, video creator, and editor). Additionally, she excels in simplifying complex subjects into engaging, clear, and easy-to-understand information. Her instructional materials go a long way toward assisting individuals in making wise financial decisions.

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