Invest Ksh 1,000,000 at Premier Bank Kenya for 10 years.
At Premier Bank Kenya's current weighted-average deposit rate of 2.75%, a Ksh 1,000,000 deposit grows to about Ksh 1,316,117 after 10 years — about Ksh 316,117 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 1,316,117
1.32× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 316,117
At 2.75% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 1,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 2,548,093 over the same 10 years. Run your own numbers on the compound interest calculator.