The CBA fund invests in fixed deposits, interest-bearing investments, and near-cash holdings in the … CBA Group Money Market Fund in Kenya. Save as little as Kes.50; the more you save, the higher you grow your credit limit. *The Standard Chartered Bank Fixed Deposit rates tend to change at the discretion of the bank. The customer is paid a competitive rate for the period the money is held in the account. How is FD Interest Calculated? There are two methods of calculation of interest on a fixed deposit… 6. Get details of fixed deposit interest rates for all the banks in india on Dec 2020 Compare for highest FD Interest rates as well as the latest FD schemes by banks. Range of maturity period: 7 days to 5 years Highest Standard Chartered Bank FD rate: 6.30% p.a. Put money away in a fixed deposit or target savings account, and grow your money at an interest rate of over 6%* p.a. Deposit Interest Rate in Kenya averaged 9.17 percent from 1980 until 2019, reaching an all time high of 18.40 percent in 1998 and a record low of 2.43 percent in 2004. Interest rates updated on 2nd December 2020.Source: Official websites of the mentioned banks. Call Deposit … Deposit Interest Rate in Kenya decreased to 7.50 percent in 2019 from 8.30 percent in 2018. Most Kenyans in Kenya prefer saving in fixed deposit accounts because they have the best interest rates. Save and Borrow on KCB M-PESA right from your phone. This is an investment account in which a customer deposits a specified amount of money for a certain/fixed period of time. The central bank of Kenya kept its benchmark interest rate unchanged at 7% during its November 2020 meeting, as widely expected, despite the still highly uncertain outlook due to the Covid-19 pandemic. Read also: Mutual funds in Kenya. Flexible terms of 1, 3, 6, 9 and 12 months; Fast access to loans of up to 90% of the deposit amount; Lower interest rate on loans secured by the deposit Please take note of the following changes from 18 th March 2020 to 31 st December 2020: The Government of Kenya issues Treasury Bills of … Features. The tenor ranges from 1 month to 1 year for fixed deposits (specified period), with our rates being very competitive. Treasury Bill and Bond Investments. Haile Selassie Avenue P.O Box 60000 - 00200 Nairobi, Kenya +254 20 286 0000 +254 20 286 1000 +254 20 286 3000 +254 709 081 000 +254 709 083 000 comms@centralbank.go.ke Fixed Deposit Account. This page includes a chart with historical data for Deposit Interest Rate in Kenya. FIXED DEPOSIT INTEREST RATE(%) African Banking Corp. Ltd: N/A: Bank of Africa Kenya Ltd. 3-6: Bank of India: 3-5: ... December 5, 2020. The period ranges from 1 to 12 months. Maximum FD interest rate … The above-mentioned rates of interest are effective as of October 2020. Suggested Read: Best NRE FD Rates 2020. …
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