Invest Ksh 5,000,000 at SBM Bank Kenya for 1 years.
At SBM Bank Kenya's current weighted-average deposit rate of 10.12%, a Ksh 5,000,000 deposit grows to about Ksh 5,530,142 after 1 year — about Ksh 530,142 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 5,530,142
1.11× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 530,142
At 10.12% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 5,000,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 5,490,243 over the same 1 year. Run your own numbers on the compound interest calculator.