Invest Ksh 1,000,000 at Stanbic Bank Kenya for 3 years.
At Stanbic Bank Kenya's current weighted-average deposit rate of 7.56%, a Ksh 1,000,000 deposit grows to about Ksh 1,253,687 after 3 years — about Ksh 253,687 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 1,253,687
1.25× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 253,687
At 7.56% 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.