Invest Ksh 5,000,000 at NCBA Bank Kenya for 1 years.
At NCBA Bank Kenya's current weighted-average deposit rate of 8.41%, a Ksh 5,000,000 deposit grows to about Ksh 5,437,093 after 1 year — about Ksh 437,093 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 5,437,093
1.09× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 437,093
At 8.41% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 5,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 5,490,243 over the same 1 year. Run your own numbers on the compound interest calculator.