How much will I earn if I invest Ksh 1,000,000 at Gulf African Bank for 5 years?

At Gulf African Bank's weighted-average deposit rate of 8.54% per the Central Bank of Kenya (May 2025), a Ksh 1,000,000 deposit grows to approximately Ksh 1,530,337 after 5 years. That's about Ksh 530,337 of interest, assuming monthly compounding and no withdrawals.

What is Gulf African Bank's deposit rate right now?

Gulf African Bank publishes a weighted-average deposit rate of 8.54% (May 2025, Central Bank of Kenya).

Would a Kenyan Money Market Fund earn more than Gulf African Bank?

Yes — Cytonn Asset Managers's Cytonn Money Market Fund currently yields 9.39% net of 15% withholding tax. The same Ksh 1,000,000 invested there for 5 years would grow to about Ksh 1,596,275, meaningfully more than Gulf African Bank's Ksh 1,530,337.

Gulf African Bank · CBK May 2025

Invest Ksh 1,000,000 at Gulf African Bank for 5 years.

At Gulf African Bank's current weighted-average deposit rate of 8.54%, a Ksh 1,000,000 deposit grows to about Ksh 1,530,337 after 5 years — about Ksh 530,337 in interest, assuming monthly compounding and no withdrawals.

Final balance

Ksh 1,530,337

1.53× your deposit

Deposited

Ksh 1,000,000

One-off, no withdrawals

Interest earned

Ksh 530,337

At 8.54% 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 1,596,275 over the same 5 years. Run your own numbers on the compound interest calculator.

Similar scenarios at Gulf African Bank