Invest Ksh 1,000,000 at Victoria Commercial Bank for 5 years.
At Victoria Commercial Bank's current weighted-average deposit rate of 9.70%, a Ksh 1,000,000 deposit grows to about Ksh 1,621,011 after 5 years — about Ksh 621,011 in interest, assuming monthly compounding and no withdrawals.
Final balance
Ksh 1,621,011
1.62× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 621,011
At 9.70% 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 1,596,275 over the same 5 years. Run your own numbers on the compound interest calculator.