Invest Ksh 100,000 at Victoria Commercial Bank for 1 years.
At Victoria Commercial Bank's current weighted-average deposit rate of 9.70%, a Ksh 100,000 deposit grows to about Ksh 110,143 after 1 year — about Ksh 10,143 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 110,143
1.10× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 10,143
At 9.70% p.a.
Year by year
Contributions form the floor; interest compounds on top.
Could you earn more elsewhere?
The same Ksh 100,000 in Cytonn Money Market Fund — currently Kenya's top-yielding MMF at 9.39% net of 15% WHT — would grow to about Ksh 109,805 over the same 1 year. Run your own numbers on the compound interest calculator.