Invest Ksh 250,000 at Gulf African Bank for 3 years.
At Gulf African Bank's current weighted-average deposit rate of 8.54%, a Ksh 250,000 deposit grows to about Ksh 322,710 after 3 years — about Ksh 72,710 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 322,710
1.29× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 72,710
At 8.54% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 250,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 330,982 over the same 3 years. Run your own numbers on the compound interest calculator.