How much will I earn if I invest Ksh 500,000 at Gulf African Bank for 1 years?

At Gulf African Bank's weighted-average deposit rate of 8.54% per the Central Bank of Kenya (May 2025), a Ksh 500,000 deposit grows to approximately Ksh 544,412 after 1 years. That's about Ksh 44,412 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 500,000 invested there for 1 years would grow to about Ksh 549,024, meaningfully more than Gulf African Bank's Ksh 544,412.

Gulf African Bank · CBK May 2025

Invest Ksh 500,000 at Gulf African Bank for 1 years.

At Gulf African Bank's current weighted-average deposit rate of 8.54%, a Ksh 500,000 deposit grows to about Ksh 544,412 after 1 year — about Ksh 44,412 in interest, assuming monthly compounding and no withdrawals.

Final balance

Ksh 544,412

1.09× your deposit

Deposited

Ksh 500,000

One-off, no withdrawals

Interest earned

Ksh 44,412

At 8.54% 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 549,024 over the same 1 year. Run your own numbers on the compound interest calculator.

Similar scenarios at Gulf African Bank