Invest Ksh 100,000 at I&M Bank for 5 years.
At I&M Bank's current weighted-average deposit rate of 8.38%, a Ksh 100,000 deposit grows to about Ksh 151,823 after 5 years — about Ksh 51,823 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 151,823
1.52× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 51,823
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 159,627 over the same 5 years. Run your own numbers on the compound interest calculator.