Invest Ksh 10,000,000 at Equity Bank Kenya for 10 years.
At Equity Bank Kenya's current weighted-average deposit rate of 10.76%, a Ksh 10,000,000 deposit grows to about Ksh 29,188,934 after 10 years — about Ksh 19,188,934 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 29,188,934
2.92× your deposit
Deposited
Ksh 10,000,000
One-off, no withdrawals
Interest earned
Ksh 19,188,934
At 10.76% 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 25,480,929 over the same 10 years. Run your own numbers on the compound interest calculator.