Invest Ksh 1,000,000 at Premier Bank Kenya for 3 years.
At Premier Bank Kenya's current weighted-average deposit rate of 2.75%, a Ksh 1,000,000 deposit grows to about Ksh 1,085,896 after 3 years — about Ksh 85,896 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 1,085,896
1.09× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 85,896
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 1,323,929 over the same 3 years. Run your own numbers on the compound interest calculator.