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Bank deposit rate vs Money market funds (median)

Kenya banks: average deposit rate

6.94%

Kenya banks: average deposit rate, last 24 months: 11.01% on Oct 2024 to 6.94% on Sept 2026; low 6.80%, high 11.01%

up +3 bpsvs Aug 2026

As of Sept 2026 · Source: Central Bank of Kenya

Kenya money market funds, median yield

10.42%

Kenya money market funds, median yield, last 25 daily readings: 10.64% on 9 Oct 2026 to 10.42% on 4 Nov 2026; low 10.35%, high 10.64%

unchanged unchangedvs 3 Nov

As of 4 Nov 2026 · Source: Fund managers’ own websites

Chart

Side by side

% a year, one axis.

  • Kenya banks: average deposit rate
  • Kenya money market funds, median yield

Kenya banks: average deposit rate against Kenya money market funds, median yield, each from its own stored history. Both are in % a year, so they share one axis. Share this page and the same pair opens.

Latest gap: −3.48 percentage points (Bank deposit rate 6.94% on Sept 2026 minus Money market funds (median) 10.42% on 4 Nov 2026)

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Suggested pairs: 91-day bill vs CBK rate91-day bill vs Money market funds (median)364-day bill vs Bank deposit rate91-day bill vs 364-day bill364-day bill vs Nigeria 364-day billBank lending rate vs Consumer prices (CPI)

Figures

The prints behind the chart

Newest first; a dash where one series has no print that day.

DateBank deposit rateMoney market funds (median)
4 Nov 2026—10.42%
3 Nov 2026—10.42%
2 Nov 2026—10.42%
31 Oct 2026—10.42%
30 Oct 2026—10.42%
29 Oct 2026—10.42%
28 Oct 2026—10.42%
27 Oct 2026—10.42%
26 Oct 2026—10.42%
25 Oct 2026—10.42%
24 Oct 2026—10.42%
23 Oct 2026—10.42%
22 Oct 2026—10.38%
21 Oct 2026—10.35%
20 Oct 2026—10.35%
19 Oct 2026—10.35%

Sources: Kenya banks: average deposit rate, Central Bank of Kenya (weighted average deposit rate across commercial banks); Kenya money market funds, median yield, Fund managers’ own websites (median effective annual yield of the 5 funds Afronomics reads, on days all 5 were read). Each line shows only the prints Afronomics has stored; a series with fewer than three in the window is drawn as points. Information, not advice.

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