Invest Ksh 500,000 at Guaranty Trust Bank for 3 years.
At Guaranty Trust Bank's current weighted-average deposit rate of 8.01%, a Ksh 500,000 deposit grows to about Ksh 635,308 after 3 years — about Ksh 135,308 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 635,308
1.27× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 135,308
At 8.01% 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 661,964 over the same 3 years. Run your own numbers on the compound interest calculator.