Fixed Deposit Calculator — Kenya
Calculate your fixed-deposit maturity value and interest in KES at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Kenya (2026)
Kenyan banks' 12-month fixed-deposit rates mostly range from about 5% to 9%. KCB pays 6.50%, Stanbic 6.00%, Co-operative Bank 5.00% and NCBA 8.64%, and smaller lenders such as Kingdom Bank pay up to 10%. Rates are often negotiable for larger sums.
At around 7%, the fixed-deposit rate in Kenya is relatively high in nominal terms.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every Ksh 600,000 deposited at 7.00% for 5 years (quarterly compounding):
- Maturity value: Ksh 848,867
- Interest earned: Ksh 248,867
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Kenya
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A named-bank rate check: KCB and NCBA (2026)
Serrari Group's 2026 bank-by-bank comparison (undated; checked 12 October 2026) lists KCB Bank's 12-month fixed-deposit rate at 6.50% and NCBA's at 8.64%, with Stanbic at 6.00%. On 7 October 2026 the Central Bank of Kenya's Monetary Policy Committee kept the Central Bank Rate at 8.75%. Advertised rates are before the 15% withholding tax.
Frequently Asked Questions
How is FD maturity calculated in Kenya?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Kenya?
As a 2026 reference, fixed-deposit rates are around 7% per year, varying by bank and tenure. Kenyan banks' 12-month fixed-deposit rates mostly range from about 5% to 9%. KCB pays 6.50%, Stanbic 6.00%, Co-operative Bank 5.00% and NCBA 8.64%, and smaller lenders such as Kingdom Bank pay up to 10%. Rates are often negotiable for larger sums.
Is FD interest taxable in Kenya?
Banks withhold 15% tax on deposit interest, and for resident individuals receiving qualifying interest this is a final tax.
Is a fixed deposit safe in Kenya?
Fixed deposits carry no market risk. The Kenya Deposit Insurance Corporation (KDIC) protects deposits up to KES 500,000 per depositor per member institution. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Kenya?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What is a typical 1-year fixed deposit rate in Kenya?
Most banks quote about 5%–9% for 12 months. KCB pays 6.50%, NCBA 8.64% and Stanbic 6.00%. The Central Bank Rate was held at 8.75% on 7 October 2026.
How is fixed-deposit interest taxed in Kenya, and how much is insured?
Banks deduct 15% withholding tax, which is final for resident individuals on qualifying interest. KDIC insures deposits up to KES 500,000 per depositor per institution.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Serrari Group (accessed 12 October 2026): Best Fixed Deposit Rates in Kenya 2026 — All Banks Compared. Central Bank of Kenya (accessed 12 October 2026): MPC retains the CBR at 8.75 percent. Kenya Revenue Authority (accessed 12 October 2026): What are the Withholding Tax rates?. The Kenya Times (accessed 12 October 2026): KDIC deposit safety.