Goal Savings Account
Save for what matters most — short-term or long-term. Personal and group goals supported.
Launched 2023.
— ACCOUNT TYPES
Sprint or Marathon?
Choose the savings horizon that fits your goal — quick access for short-term needs, or maximum growth for long-term plans.
SPRINT GOAL ACCOUNT
6% p.a.
Short-term savings from 1 to 180 days. No lock-in period, no withdrawal restrictions.
Access your funds within 1 minute. Ideal for emergency funds, trips or specific short-term purchases.
MARATHON GOAL ACCOUNT
12% p.a.
Long-term savings from 181 to 1,035 days. 1-30 day lock-in period. After 31 days, 70% penalty on accrued profit if withdrawn early. After 181 days, no withdrawal restrictions. Best for education, home deposit or retirement savings.
— FEATURES
Everything a goal needs
Personalised Goal Creation
Create goals with a target amount, name and reminder prompts for contributions. Personal or shared with any contact.
Shared Goals
Invite friends, family or colleagues to save towards a collective target. Everyone tracks progress together in real time.
Free Fund Transfers Between Goals
Move money between your goals at no cost, at any time.
Instant Sprint Withdrawals
Sprint Goal funds arrive within 1 minute via M-Pesa, bank, savings, shares or loans.
Competitive Compounding Rates
6% (Sprint) and 12% (Marathon) compounding profit rates — higher than most traditional financial institutions.
— WITHDRAWING FUNDS
Access your savings anytime
Goal account withdrawals are simple and fast through the Mombo App.
Log In to the Mombo App
Go to the Goal Saving section on the homepage.
Select Your Goal Account
Choose the specific goal from which you wish to withdraw.
Choose Your Withdrawal Channel
Enter the amount and select — M-Pesa, bank, savings, shares or loans. Funds arrive instantly.
Start saving for your next goal
Download the Mombo App and open a Goal
Account in minutes.