Invest Ksh 2,000,000 at NCBA Bank Kenya for 5 years.
At NCBA Bank Kenya's current weighted-average deposit rate of 8.41%, a Ksh 2,000,000 deposit grows to about Ksh 3,040,982 after 5 years — about Ksh 1,040,982 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 3,040,982
1.52× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 1,040,982
At 8.41% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 2,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 3,192,549 over the same 5 years. Run your own numbers on the compound interest calculator.