How much will I earn if I invest Ksh 10,000,000 at Paramount Bank for 1 years?

At Paramount Bank's weighted-average deposit rate of 10.81% per the Central Bank of Kenya (May 2025), a Ksh 10,000,000 deposit grows to approximately Ksh 11,136,200 after 1 years. That's about Ksh 1,136,200 of interest, assuming monthly compounding and no withdrawals.

What is Paramount Bank's deposit rate right now?

Paramount Bank publishes a weighted-average deposit rate of 10.81% (May 2025, Central Bank of Kenya).

Would a Kenyan Money Market Fund earn more than Paramount Bank?

Yes — Cytonn Asset Managers's Cytonn Money Market Fund currently yields 9.39% net of 15% withholding tax. The same Ksh 10,000,000 invested there for 1 years would grow to about Ksh 10,980,485, meaningfully more than Paramount Bank's Ksh 11,136,200.

Paramount Bank · CBK May 2025

Invest Ksh 10,000,000 at Paramount Bank for 1 years.

At Paramount Bank's current weighted-average deposit rate of 10.81%, a Ksh 10,000,000 deposit grows to about Ksh 11,136,200 after 1 year — about Ksh 1,136,200 in interest, assuming monthly compounding and no withdrawals.

Final balance

Ksh 11,136,200

1.11× your deposit

Deposited

Ksh 10,000,000

One-off, no withdrawals

Interest earned

Ksh 1,136,200

At 10.81% 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 10,980,485 over the same 1 year. Run your own numbers on the compound interest calculator.

Similar scenarios at Paramount Bank