Top MMF 9.39% while Credit Bank pays 12.68%
Cytonn Money Market Fund leads MMFs at 9.39% net while the MMF industry average is 7.62% net. Credit Bank offers the highest bank savings rate at 12.68% versus the bank deposit industry average of 8.70%; remember Kenya's 15% withholding tax applies to MMF and bank interest.
Top MMF
9.39%
Cytonn
Top bank savings
12.68%
Credit Bank
Cheapest loan
10.36%
Citibank N.A. Kenya
Most expensive loan
20.00%
Commercial International Bank Kenya
For savers
If you have KES 100,000 available and need easy access, move it to a top MMF like Cytonn Money Market Fund (9.39% net) or open a Credit Bank savings account (12.68%) after checking account terms and post-tax returns.
For borrowers
If you need a new loan compare Citibank N.A. Kenya at 10.36% first and avoid lenders near 20.00%; for a KES 1,000,000 loan get written offers and calculate total cost before signing.