Invest Ksh 2,000,000 at Paramount Bank for 3 years.
At Paramount Bank's current weighted-average deposit rate of 10.81%, a Ksh 2,000,000 deposit grows to about Ksh 2,762,111 after 3 years — about Ksh 762,111 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 2,762,111
1.38× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 762,111
At 10.81% 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 2,647,857 over the same 3 years. Run your own numbers on the compound interest calculator.