Free guide · Kenya · updated automatically
Where your shilling earns most
Every place a Kenyan can put savings, side by side: the rate after tax and what KES 100,000 would earn in a year at today’s published rates. Each figure is the publisher’s own latest, with the link. Information, not advice.
Highest published, after tax
11.40%
Zimele Fixed Income Fund (Savings Plan)
KES 11,399 a year on KES 100,000 · 4 Nov 2026
1
Money you may need any time
You can withdraw within days. Fund yields change daily; past yields are not a promise.
| Option | Rate after tax | KES 100,000 earns in a year |
|---|---|---|
| Zimele Fixed Income Fund (Savings Plan)none; usually 2 to 3 days to withdraw · Zimele Asset Management, 4 Nov 2026 | 11.40%15% withholding tax deducted | KES 11,399 |
| Madison Money Market Fundnone; usually 2 to 3 days to withdraw · Madison Investment Managers, 4 Nov 2026 | 8.89%15% withholding tax deducted | KES 8,891 |
| Kasha Money Market Fundnone; usually 2 to 3 days to withdraw · Orient Asset Managers, 4 Nov 2026 | 8.86%15% withholding tax deducted | KES 8,857 |
| Etica Money Market Fund (KES)none; usually 2 to 3 days to withdraw · Etica Capital, 31 Oct 2026 | 8.61%15% withholding tax deducted | KES 8,611 |
| CIC Money Market Fundnone; usually 2 to 3 days to withdraw · CIC Asset Management, 4 Nov 2026 | 7.17%15% withholding tax deducted | KES 7,166 |
| Bank savings account, industry averagenone · Central Bank of Kenya, Sept 2026 | 3.00%15% withholding tax deducted | KES 3,001 |
2
Money you can leave for months
Higher rates for leaving it: a bill is held to maturity and needs at least KES 50,000.
| Option | Rate after tax | KES 100,000 earns in a year |
|---|---|---|
| 364-day Treasury bill364 days · Central Bank of Kenya, 2 Nov 2026 | 7.67%15% withholding tax deducted | KES 7,674 |
| 182-day Treasury bill182 days · Central Bank of Kenya, 2 Nov 2026 | 7.52%15% withholding tax deducted | KES 7,523 |
| 91-day Treasury bill91 days · Central Bank of Kenya, 2 Nov 2026 | 7.44%15% withholding tax deducted | KES 7,437 |
| SACCO deposits, industry average interestheld while you are a member; notice to withdraw · SACCO Societies Regulatory Authority (SASRA), 2025 | 6.72%*before tax, as reported | KES 6,720 |
| Bank fixed deposit, industry averageby agreement, typically 3 to 12 months · Central Bank of Kenya, Sept 2026 | 5.90%15% withholding tax deducted | KES 5,899 |
* SACCO deposit interest is the industry average for 2025, before tax; SACCOs also pay a dividend on share capital (industry average 10.00%). Individual SACCOs pay more or less.
3
Money for years
Treasury bonds pay more for longer. Selling before maturity can mean a lower price.
| Option | Rate after tax | KES 100,000 earns in a year |
|---|---|---|
| Treasury bond FXD1/2022/02521.2 years to maturity · Central Bank of Kenya, 27 Jul 2026 | 13.00%10% withholding tax deducted | KES 12,999 |
| Treasury bond FXD1/2021/02015.0 years to maturity · Central Bank of Kenya, 13 Jul 2026 | 12.91%10% withholding tax deducted | KES 12,906 |
| Infrastructure bond IFB1/2019/0169.1 years to maturity · Central Bank of Kenya, 17 Aug 2026 | 12.20%tax-free | KES 12,196 |
| Treasury bond FXD1/2022/0105.8 years to maturity · Central Bank of Kenya, 13 Jul 2026 | 10.86%15% withholding tax deducted | KES 10,865 |
| Treasury bond FXD1/2012/0206.5 years to maturity · Central Bank of Kenya, 11 May 2026 | 10.59%15% withholding tax deducted | KES 10,589 |
Compare after tax
Banks, bills and funds have 15% withholding tax deducted from interest; infrastructure bonds are tax-free. A quoted 10% is about 8.5% in your hand.
Match the money to the wait
Money for emergencies belongs where you can reach it in days. Only money you will not need for months should be locked in a bill or a fixed deposit.
Check what you are offered
If a bank or SACCO quotes you a rate, check it in seconds against these figures.
Is my rate fair? Check yours →
KES 100,000 for one year at the rate shown, simple interest, after the stated tax; bills and bonds earn their yield only if held to maturity. Rates are each publisher’s latest and change; this page updates on its own. Information, not advice: Afronomics does not recommend any product or provider. Full comparison: where the shilling earns most.
Free · a two-minute read before 07:30, every weekday
The Afronomics Morning
Today’s rates, currencies and auction results before the day starts: what the T-bill paid this week, what moved overnight, what is due today. Every figure from the source.
Free when you sign up: our guide to where your shilling earns most — T-bills, money market funds, SACCOs and banks, after tax.