This is a first class savings account that currently offers very attractive tax free interest rates of up to 9.0%** equivalent to 12.86% in other taxable savings and investments opportunities offered by other banks and money market funds thus allowing you to save up to 30% Tax – Under section 35 of the First Schedule of the Income Tax Act Cap 470, “Interest on a savings account held with the Kenya Post Office Savings Bank” is exempt from Taxation.