Kenya Finance CalculatorNegotiating Better Bank Rates
For deposits above KSh 1,000,000, most Kenyan commercial banks allow you to negotiate higher bespoke deposit rates directly with treasury relationship managers.
Fixed income tools
Bank Fixed Deposit (FD) Calculator Kenya
Calculate your guaranteed bank fixed deposit interest returns, compute net earnings after 15% KRA withholding tax, and project your total maturity payout.
Kenyan Fixed Income Asset Comparison
Comparing commercial bank fixed deposits against MMFs, T-Bills, and SACCO yields.
| Income Band / Category | Rate / Limit | Notes |
|---|---|---|
| Bank Fixed Deposit (1 Year) | 9% - 13% p.a. | Guaranteed fixed rate minus 15% WHT |
| Money Market Fund (MMF) | 12% - 16% p.a. | Daily compounding, high liquidity, minus 15% WHT |
| 91/182/364-Day CBK T-Bill | 14.5% - 15.6% p.a. | Government-backed security minus 15% WHT |
| SACCO Non-Withdrawable Deposits | 10% - 13.5% p.a. | High yield with lower 5% WHT rate |
Liquidity vs Yield
If you may need access to your funds before maturity, consider a Money Market Fund (MMF) which offers similar yields with 2-to-3 day withdrawal flexibility.
Quick Answers
Fixed Deposit FAQs
How do Fixed Deposits work in Kenya?
A Fixed Deposit (FD) account is an investment where you lock a lump sum amount with a commercial bank or microfinance bank for a fixed period (1, 3, 6, 12, or 24 months) at an agreed guaranteed interest rate.
What is the tax rate on bank fixed deposit interest in Kenya?
Interest earned on bank fixed deposit accounts is subject to a 15% final Withholding Tax (WHT) deducted by the bank before crediting your account at maturity.
Can I withdraw my money before the fixed deposit term ends?
Early liquidation is usually permitted by banks, but it often incurs a penalty such as forfeiture of accrued interest or reduction to the standard savings account interest rate.
Are fixed deposits protected in Kenya?
Yes. Qualifying deposits in commercial and microfinance banks in Kenya are insured up to KSh 500,000 per depositor by the Kenya Deposit Insurance Corporation (KDIC).
August 2026
Calculators are for planning and estimation only. Verify final tax, payroll, loan, investment or property figures with the relevant institution or adviser.