Invest Ksh 1,000,000 at Bank of Baroda (Kenya) for 15 years.
At Bank of Baroda (Kenya)'s current weighted-average deposit rate of 10.19%, a Ksh 1,000,000 deposit grows to about Ksh 4,581,593 after 15 years — about Ksh 3,581,593 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 4,581,593
4.58× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 3,581,593
At 10.19% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 1,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 4,067,456 over the same 15 years. Run your own numbers on the compound interest calculator.