Invest Ksh 10,000,000 at Gulf African Bank for 10 years.
At Gulf African Bank's current weighted-average deposit rate of 8.54%, a Ksh 10,000,000 deposit grows to about Ksh 23,419,303 after 10 years — about Ksh 13,419,303 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 23,419,303
2.34× your deposit
Deposited
Ksh 10,000,000
One-off, no withdrawals
Interest earned
Ksh 13,419,303
At 8.54% 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.