Invest Ksh 500,000 at Prime Bank for 1 years.
At Prime Bank's current weighted-average deposit rate of 10.39%, a Ksh 500,000 deposit grows to about Ksh 554,497 after 1 year — about Ksh 54,497 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 554,497
1.11× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 54,497
At 10.39% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 500,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 549,024 over the same 1 year. Run your own numbers on the compound interest calculator.