Invest Ksh 100,000 at I&M Bank for 15 years.
At I&M Bank's current weighted-average deposit rate of 8.38%, a Ksh 100,000 deposit grows to about Ksh 349,954 after 15 years — about Ksh 249,954 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 349,954
3.50× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 249,954
At 8.38% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 100,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 406,746 over the same 15 years. Run your own numbers on the compound interest calculator.