Treasury bill plans, side by side
You lend to the government for a year or less. You buy below face value and are paid the full amount at the end; the difference is your interest.
On this example, Treasury Bill, 364 days from Central Bank of Kenya comes out ahead: KES 3,841.
Ordered by what you actually keep after tax, not by the coupon printed on the bond. On these the tax is the comparison: an exempt bond beats a taxed one paying the same rate by about a fifth of the interest.
| Plan | Coupon | Tax takes | You keep, a year |
|---|---|---|---|
| Treasury Bill, 364 daysCentral Bank of Kenya | 9.0365% a year | KES 678 | KES 3,841 |
| Treasury Bill, 182 daysCentral Bank of Kenya | 8.948% a year | KES 671 | KES 3,803 |
| Treasury Bill, 91 daysCentral Bank of Kenya | 8.77% a year | KES 658 | KES 3,727 |
- Treasury Bill, 364 daysCentral Bank of Kenya
- Coupon
- 9.0365% a year
- Tax takes
- KES 678
- You keep, a year
- KES 3,841
- Treasury Bill, 182 daysCentral Bank of Kenya
- Coupon
- 8.948% a year
- Tax takes
- KES 671
- You keep, a year
- KES 3,803
- Treasury Bill, 91 daysCentral Bank of Kenya
- Coupon
- 8.77% a year
- Tax takes
- KES 658
- You keep, a year
- KES 3,727
Every figure here is worked out from the company's own published terms.