Invest Ksh 10,000,000 at ABSA Bank Kenya for 3 years.
At ABSA Bank Kenya's current weighted-average deposit rate of 8.88%, a Ksh 10,000,000 deposit grows to about Ksh 13,039,774 after 3 years — about Ksh 3,039,774 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 13,039,774
1.30× your deposit
Deposited
Ksh 10,000,000
One-off, no withdrawals
Interest earned
Ksh 3,039,774
At 8.88% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 10,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 13,239,286 over the same 3 years. Run your own numbers on the compound interest calculator.