Invest Ksh 2,000,000 at African Banking Corporation for 20 years.
At African Banking Corporation's current weighted-average deposit rate of 12.63%, a Ksh 2,000,000 deposit grows to about Ksh 24,678,851 after 20 years — about Ksh 22,678,851 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 24,678,851
12.34× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 22,678,851
At 12.63% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 2,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 12,985,555 over the same 20 years. Run your own numbers on the compound interest calculator.