Fixed deposit plans, side by side
You lock a lump sum away for a set period at a rate agreed on the day. You cannot add to it, and taking it out early costs you interest.
None of these publish a rate, so there is nothing to work the example out from. Here is what each one does publish.
Fixed Deposit Account
NCBA Bank Kenya PLCFixed deposit
From KES 100,00015% tax on interestMinimum deposit: KES 100,000High Yield Deposit Account
NCBA Bank Kenya PLCFixed deposit
From KES 1,000,00015% tax on interestMinimum deposit: KES 1,000,000Term options: 1, 2 or 3 yearsFixed Deposit Savings Account
Absa Bank Kenya PLCFixed deposit
From KES 50,00015% tax on interestLa Riba Fixed Deposit Account
Absa Bank Kenya PLCFixed deposit
From KES 50,00015% tax on interestFixed Deposit Account
The Co-operative Bank of Kenya LtdFixed deposit
From KES 50,00015% tax on interestTerm options: 1 to 12 monthsKCB M-PESA Fixed Savings
KCB Bank KenyaFixed deposit
From KES 50015% tax on interestFixed Deposit Account
KCB Bank KenyaFixed deposit
From KES 50,00015% tax on interestTerm options: 1 day to 12 months.If you break early you forfeit all accrued interest.