Cash in Regular Bank Account
- What it is: Money sitting in a checking or basic savings account
- Risk level: Very low (insured by Kenya Deposit Insurance Corporation up to KSh 500,000)
- Typical return: 0 – 2% annually
- Key consideration: Your money loses value to inflation (typically 6-8% per year in Kenya)
- Real example: KSh 10,000 for one year at 1% = KSh 100 in interest (KSh 10,100 total)
- Where to get it: Any Kenyan bank (KCB, Equity, Co-operative Bank, etc.)
- Minimum to start: Usually KSh 0-1,000