Invest Ksh 10,000,000 at Premier Bank Kenya for 1 years.
At Premier Bank Kenya's current weighted-average deposit rate of 2.75%, a Ksh 10,000,000 deposit grows to about Ksh 10,278,493 after 1 year — about Ksh 278,493 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 10,278,493
1.03× your deposit
Deposited
Ksh 10,000,000
One-off, no withdrawals
Interest earned
Ksh 278,493
At 2.75% 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.