Home INFOMATIVE Banks with highest fixed Deposit Interest rate in Kenya 2024/2025 – Business...

Banks with highest fixed Deposit Interest rate in Kenya 2024/2025 – Business this day

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Fixed Deposit account is one of the best way to save your money in Kenya. Banks offer you this option of saving where you earn interest of up to 18% per year. Below we list the best banks with the highest interest rate on fixed deposit account:

STANDARD CHARTERED BANK

Minimum Investment Amount—-Ksh 100,000

Interest rate—2% to 5% per annum

COOPERATIVE BANK

Minimum Investment Amount—Ksh 50,000

Interest rate—5% to 12% per annum

STANBIC BANK

Minimum Investment Amount—Ksh 20,000

Interest rate—4%-12% per annum

I&M BANK

Minimum Investment Amount—Ksh 50,000

Interest rate—4% to 10% per annum

DIAMOND TRUST BANK

Minimum Investment Amount—Ksh 100,000

Interest rate—4% to 11% per annum

KINGDOM BANK

Minimum Investment Amount—Ksh 5,000

Interest rate—3% to 10% per annum

KCB BANK

Minimum Investment Amount—Ksh 500

Interest rate—6.3% per annum

NCBA BANK

Minimum Investment Amount—Ksh 100,000

Interest rate—5% to 14% per annum

ABSA BANK

Minimum Investment Amount—Ksh 50,000

Interest rate—10% per annum

FAMILY BANK

Minimum Investment Amount—Ksh 30,000

Interest rate—3% to 10% per annum

BANK OF AFRICA

Minimum Investment Amount—Ksh 50,000

Interest rate—-3% to 8% per annum

The interest rate grows with money. If you save Ksh 50,000, you are likely to earn 3% of your savings. If you save Ksh 3 million and above, the interest rate will be above 6% per annum.

Also, the longer the period you invest the higher the interest rate.

An alternative to Fixed Deposit account is Money Market which generates interest of 7% to 18% per annum.

You can also invest in Sacco shares. Nearly all saccos pay interest of 10% and above on dividends.


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