Invest Ksh 500,000 at I&M Bank for 10 years.
At I&M Bank's current weighted-average deposit rate of 8.38%, a Ksh 500,000 deposit grows to about Ksh 1,152,508 after 10 years — about Ksh 652,508 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 1,152,508
2.31× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 652,508
At 8.38% 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 1,274,046 over the same 10 years. Run your own numbers on the compound interest calculator.