Invest Ksh 10,000,000 at M-Oriental Bank for 3 years.
At M-Oriental Bank's current weighted-average deposit rate of 9.76%, a Ksh 10,000,000 deposit grows to about Ksh 13,385,885 after 3 years — about Ksh 3,385,885 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 13,385,885
1.34× your deposit
Deposited
Ksh 10,000,000
One-off, no withdrawals
Interest earned
Ksh 3,385,885
At 9.76% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 10,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 13,239,286 over the same 3 years. Run your own numbers on the compound interest calculator.