Invest Ksh 500,000 at Credit Bank for 1 years.
At Credit Bank's current weighted-average deposit rate of 12.68%, a Ksh 500,000 deposit grows to about Ksh 567,218 after 1 year — about Ksh 67,218 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 567,218
1.13× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 67,218
At 12.68% 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.