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Compare published fixed deposit rates across major Kenyan banks. Rates, minimum deposits, terms, and penalties.
Verified rates 4 May 2026 · 18 banks tracked
Most published fixed deposit rates in Kenya (3-8%) are lower than the average MMF yield (~9.4%). Only NCBA (8.64%) comes close. Banks may offer higher negotiated rates for large deposits (KES 1M+), but published retail rates rarely beat MMFs. Fixed deposits make sense if you need a locked commitment to avoid spending, want KDIC insurance, or can negotiate a premium rate.
Should you lock your money in a fixed deposit or put it in an MMF? This chart shows every bank's FD rate alongside the MMF market average (dashed line). Any bank below the line is paying you less than what you'd earn in an MMF — with worse liquidity. The line shows the current MMF average for comparison.
Each bank's best published FD rate ranked against the MMF market average — banks below the dashed line offer less than an MMF with worse liquidity.
Does depositing more money get you a better rate? The top-left is the sweet spot — high yield, low minimum. Bottom-right: large minimum, low yield.
Bank FD rates plotted against their minimum deposit requirements — the top-left is the sweet spot of high yield and low minimum.
Banks with strict penalties (forfeit all interest on early withdrawal) tend to offer higher rates. If you are certain you won't need the money before the term ends, the extra yield may be worth it. If there's any chance you'll need early access, a flexible option or an MMF is safer.
Negotiable rates, no published penalty
Partial interest forfeiture or reduced rate
Forfeit all accrued interest on early withdrawal
| Bank ↕ | Yield ↓ | Minimum (KES) ↕ | News |
|---|---|---|---|
| Kingdom Bank | 10.00% | KES 500 | |
| Consolidated Bank of Kenya | 9.50% | KES 200 | |
| NCBA Bank | 8.64% | KES 100 | |
| SBM Bank Kenya | 8.50% | KES 500 | |
| Gulf-African | 7.00% | KES 50K | |
| Sidian Bank | 6.55% | KES 50K | |
| KCB Bank | 6.50% | KES 500 | |
| Stanbic Bank | 6.00% | KES 20K | |
| ABC Bank | 6.00% | KES 100K | |
| Diamond Trust Bank | 5.75% | KES 200 | |
| Prime Bank | 5.75% | KES 100 | |
| I&M Bank | 5.70% | KES 500 | |
| Bank of Africa Kenya | 5.50% | KES 50K | |
| Equity Bank | 5.00% | KES 500 | |
| Co-operative Bank | 5.00% | KES 500 | |
| Standard Chartered | 5.00%* | KES 100 | |
| HF Group | 5.00% | KES 500 | |
| ABSA Kenya | 4.00% | KES 100K |
* Published rate may vary based on account tier, deposit amount, or negotiated terms. Verify directly with the institution.
Same amount, same period — which earns more?
You deposit for a fixed period — typically 1 to 12 months — at a fixed rate (set by the bank at the time of deposit) that does not change during the term.
Most FDs pay all interest as a lump sum when the term ends. Some banks offer monthly interest on larger deposits.
Most Kenyan banks forfeit all accrued interest on early withdrawal. All banks in our tracker enforce strict penalties — you lose all interest if you withdraw early.
Deposits are insured by KDIC up to KES 500,000 per depositor per institution (as of March 2026).
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Serrari Markets provides independent financial data and educational tools. We are not fund managers and do not hold deposits. All data is provided 'as is' without warranty. Past performance does not guarantee future results. Rates and yields shown may be delayed — always verify with the fund manager. This is for informational purposes only not investment, tax, or legal advice.
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