Invest Ksh 500,000 at African Banking Corporation for 1 years.
At African Banking Corporation's current weighted-average deposit rate of 12.63%, a Ksh 500,000 deposit grows to about Ksh 566,937 after 1 year — about Ksh 66,937 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 566,937
1.13× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 66,937
At 12.63% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 500,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 549,024 over the same 1 year. Run your own numbers on the compound interest calculator.