Current Fixed Deposit Rates (FDR) in Kenyan Banks — 21 Banks Compared

Fixed deposit rates (FDRs) — also called term deposit rates — at 21 Kenyan banks (19 publish a rate; the rest quote on request), compared on the 12-month rate. The highest are Kingdom Bank up to 10.00%, Victoria Commercial Bank 10.00% and Consolidated Bank of Kenya up to 9.50%. Among the large tier-1 banks, 12-month FDRs run from ABSA Kenya (up to 4.00%) to NCBA Bank (8.64%). Interest is taxed at 15% at source, so 10% becomes about 8.5% in hand. For reference, the Central Bank of Kenya reports an average commercial bank deposit rate of 6.93% for July 2026, with the Central Bank Rate at 8.75%. Rates were checked with each bank between 23 March and 15 September 2026; each bank's date is in the table.

Before locking cash away for a fixed term, compare money market funds in Kenya — they pay a variable rate you can withdraw from at any time.

Rates checked 23 Mar 2026 – 15 Sep 2026 · 21 banks tracked

Highest Advertised Rate

Up to 10.00%

Kingdom Bank

Average Rate

6.57%

Across all banks

Lowest Minimum

KES 20,000

Consolidated Bank of Kenya

Banks Tracked

MMF Average

9.41%

For comparison

Rate sheet updated 15 Sept 2026

Fixed Deposit Rates by Term — All Banks Compared

Published rates per year for 1, 3, 6 and 12-month deposits. Click any column header to sort.

								Source
Kingdom Bank	—	—	—	up to10.00%	up to8.50%	KES 50K	15 Sep 2026 · phone	Bank site ↗
Victoria Commercial Bank	8.00%	8.75%	9.00%	10.00%	8.50%	KES 100K	6 Jul 2026 · phone	Bank, by phone
Consolidated Bank of Kenya	up to7.00%	up to8.00%	up to8.50%	up to9.50%	up to8.07%	KES 20K	15 Sep 2026 · phone	Bank site ↗
NCBA Bank	—	7.40%	7.83%	8.64%	7.34%	KES 100K	15 Sep 2026 · phone	Bank site ↗
SBM Bank Kenya	—	—	—	up to8.50%	up to7.23%	KES 50K	23 Mar 2026 · phone	Bank site ↗
Gulf-African	up to4.50%	up to5.20%	up to5.75%	up to7.00%	up to5.95%	KES 50K	8 Apr 2026 · phone	Bank site ↗
Sidian Bank	up to5.50%	up to6.20%	up to6.50%	up to6.55%	up to5.57%	KES 50K	8 Apr 2026 · phone	Bank, by phone
KCB Bank	5.25%	5.75%	5.75%	6.50%	5.53%	KES 50K	15 Sep 2026 · phone	Bank site ↗
Stanbic Bank	4.50%	5.00%	5.25%	6.00%	5.10%	KES 20K	15 Sep 2026 · phone	Bank site ↗
Diamond Trust Bank	4.50%	4.75%	5.20%	5.75%	4.89%	KES 20K	10 Apr 2026 · phone	Bank site ↗
Prime Bank	4.65%	5.10%	5.50%	5.75%	4.89%	KES 100K	15 Sep 2026 · phone	Bank site ↗
I&M Bank	4.55%	5.05%	5.55%	5.70%	4.85%	KES 50K	15 Sep 2026	Bank site ↗
Bank of Africa Kenya	up to4.25%	up to4.50%	up to4.75%	up to5.50%	up to4.68%	KES 50K	23 Mar 2026 · phone	Bank site ↗
ABC Bank	—	—	—	5.50%	4.68%	KES 100K	15 Sep 2026 · phone	Bank site ↗
Equity Bank	—	—	—	up to5.00%	up to4.25%	KES 50K	15 Sep 2026 · phone	Bank site ↗
Co-operative Bank	3.50%	4.50%	4.75%	5.00%	4.25%	KES 50K	15 Sep 2026 · phone	Bank site ↗
Standard Chartered	up to1.75%	up to3.75%	up to4.50%	up to5.00%	up to4.25%	KES 100K	15 Sep 2026	Bank site ↗
HF Group	up to3.00%	up to3.50%	up to4.00%	up to5.00%	up to4.25%	KES 50K	15 Sep 2026 · phone	Bank site ↗
ABSA Kenya	up to1.00%	up to3.60%	up to3.80%	up to4.00%	up to3.40%	KES 100K	15 Sep 2026 · phone	Bank site ↗
Family Bank	Depends on amount you are saving			On request		KES 30K	8 Apr 2026 · phone	Bank, by phone
UBA Kenya	Rate not published			On request		KES 10K	8 Apr 2026 · phone	Bank, by phone

Up to marks the top of a tiered, ranged or negotiable rate — usually reserved for larger deposits; hover it for the bank’s own wording. After tax deducts the 15% withholding tax. Last checked is the date Serrari last verified the row with the bank, from its website or by phone. Rates change — confirm with the bank before you deposit.

Benchmark: the Central Bank of Kenya reports an average commercial bank deposit rate of 6.93% for July 2026 and a Central Bank Rate of 8.75% (centralbank.go.ke, checked 15 September 2026). How Serrari collects rates.

What KES 100,000, 500,000 and 1 Million Earn in a 12-Month Fixed Deposit

Interest after the 15% withholding tax, at each bank’s published 12-month rate (checked 23 Mar 2026 – 15 Sep 2026). Every bank in our rate sheet is listed. “Up to” figures use the top of a tiered or negotiable rate, which usually needs a larger deposit; banks that quote on request show no figure. Try other amounts and terms in the fixed deposit calculator →

Bank	12-month rate	KES 100,000	KES 500,000	KES 1,000,000
Kingdom Bank	up to10.00%	up toKES 8,500	up toKES 42,500	up toKES 85,000
Victoria Commercial Bank	10.00%	KES 8,500	KES 42,500	KES 85,000
Consolidated Bank of Kenya	up to9.50%	up toKES 8,075	up toKES 40,375	up toKES 80,750
NCBA Bank	8.64%	KES 7,344	KES 36,720	KES 73,440
SBM Bank Kenya	up to8.50%	up toKES 7,225	up toKES 36,125	up toKES 72,250
Gulf-African	up to7.00%	up toKES 5,950	up toKES 29,750	up toKES 59,500
Sidian Bank	up to6.55%	up toKES 5,568	up toKES 27,838	up toKES 55,675
KCB Bank	6.50%	KES 5,525	KES 27,625	KES 55,250
Stanbic Bank	6.00%	KES 5,100	KES 25,500	KES 51,000
Diamond Trust Bank	5.75%	KES 4,888	KES 24,438	KES 48,875
Prime Bank	5.75%	KES 4,888	KES 24,438	KES 48,875
I&M Bank	5.70%	KES 4,845	KES 24,225	KES 48,450
ABC Bank	5.50%	KES 4,675	KES 23,375	KES 46,750
Bank of Africa Kenya	up to5.50%	up toKES 4,675	up toKES 23,375	up toKES 46,750
Co-operative Bank	5.00%	KES 4,250	KES 21,250	KES 42,500
Equity Bank	up to5.00%	up toKES 4,250	up toKES 21,250	up toKES 42,500
HF Group	up to5.00%	up toKES 4,250	up toKES 21,250	up toKES 42,500
Standard Chartered	up to5.00%	up toKES 4,250	up toKES 21,250	up toKES 42,500
ABSA Kenya	up to4.00%	up toKES 3,400	up toKES 17,000	up toKES 34,000
Family Bank	Depends on amount you are saving	On request	On request	On request
UBA Kenya	Rate not published	On request	On request	On request

Top Fixed Deposit Rates

Ranked by each bank's highest published rate. “Up to” marks the top of a tiered, ranged or negotiable rate. The date each bank was last checked is shown in the table above.

Kingdom Bank

Up to 10.00% per annum

Best Published Rate

Min KES 50KTerm 12m

Strict Penalty

Victoria Commercial Bank

10.00% per annum

Best Published Rate

Min KES 100KTerm 1-12m

Strict Penalty

Consolidated Bank of Kenya

Up to 9.50% per annum

Best Published Rate

Min KES 20KTerm 1-12m

Strict Penalty

Before you lock your money in a fixed deposit

Most published fixed deposit rates in Kenya are lower than the average MMF yield (~9.4%). Only Kingdom Bank (up to 10.00%), Victoria Commercial Bank (10.00%) and Consolidated Bank of Kenya (up to 9.50%) publish a rate above it, some only at the top of a tiered or negotiable range. Banks may offer higher negotiated rates for large deposits (KES 1M+), but most published retail rates still trail MMFs. Fixed deposits make sense if you need a locked commitment to avoid spending, want KDIC insurance, or can negotiate a premium rate.

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How Do Fixed Deposits Compare to MMFs?

Decision this informs

Should you lock your money in a fixed deposit or put it in an MMF? This chart shows every bank's FD rate alongside the MMF market average (dashed line). Any bank below the line is paying you less than what you'd earn in an MMF — with worse liquidity. The line shows the current MMF average for comparison.

Fixed Deposit Rate Comparison

Each bank's best published FD rate ranked against the MMF market average — banks below the dashed line offer less than an MMF with worse liquidity.

MMF Average: 9.41%

Where Is the Best Value for Your Deposit Size?

Decision this informs

Does depositing more money get you a better rate? The top-left is the sweet spot — high yield, low minimum. Bottom-right: large minimum, low yield.

FD Yield vs Minimum Deposit Size

Bank FD rates plotted against their minimum deposit requirements — the top-left is the sweet spot of high yield and low minimum.

What Happens If You Withdraw Early?

Decision this informs

Banks are grouped by the early-withdrawal penalty they state. Under a strict penalty you lose all interest earned if you break the deposit early. If you are certain you won't need the money before the term ends, that may not matter. If there's any chance you'll need early access, an MMF is safer.

Strict

6.6%

Avg yield (19 banks)

Forfeit all accrued interest on early withdrawal

Fixed Deposit Calculator (Kenya)

Pick a bank, amount and term to see gross interest, the 15% withholding tax, net interest and your maturity payout — side by side with a money market fund. Open the full fixed deposit calculator →

Fixed Deposit vs. MMF — Side by Side

Same amount, same period — which earns more?

Choose a bank

Deposit amount (KES)

Term (months)

Using Kingdom Bank’s published 12-month rate of 10% (as published: “Upto 10%”).

Fixed Deposit Earnings (after tax)

KES 8,500

Gross interest KES 10,000 − 15% withholding tax KES 1,500 · paid out at maturity: KES 108,500

KES 108,500

FD total value at maturity

KES 108,353

Same amount in MMF (avg ~9.4%)

KES 147

FD advantage over MMF

KES 10,000

Lost if you withdraw early (FD)

Past performance does not guarantee future results. Actual returns may differ.

How Fixed Deposits Work

A fixed deposit locks money with a bank for a set period in exchange for a fixed interest rate for the agreed term. Simple — but the terms matter.

Your money is locked for a fixed term

You deposit for a fixed period — typically 1 to 12 months — at a fixed rate (set by the bank at the time of deposit) that does not change during the term.

Interest is paid at maturity

Most FDs pay all interest as a lump sum when the term ends. Some banks offer monthly interest on larger deposits.

Early withdrawal usually costs you everything

Most Kenyan banks forfeit all accrued interest on early withdrawal. Each bank’s stated penalty is listed in the rates-by-bank notes below — check it before you lock money away.

KDIC insured up to KES 500,000 (as of March 2026)

Deposits are insured by KDIC up to KES 500,000 per depositor per institution (as of March 2026).

Fixed Deposit Rates by Bank

The most-searched Kenyan banks, written from the same rate sheet as the table above.

I&M Bank fixed deposit rates

I&M Bank publishes fixed deposit rates of 1 month 4.55%, 3 months 5.05%, 6 months 5.55% and 12 months 5.70%. After the 15% withholding tax the 12-month rate is about 4.84%, 12th of the 19 banks on this page. The minimum deposit is KES 50,000. On early withdrawal: No Interest earned on amount saved. Last checked 15 September 2026 against the bank’s website.

DTB (Diamond Trust Bank) fixed deposit rates

Diamond Trust Bank publishes fixed deposit rates of 1 month 4.50%, 3 months 4.75%, 6 months 5.20% and 12 months 5.75%. After the 15% withholding tax the 12-month rate is about 4.89%, 10th of the 19 banks on this page. The minimum deposit is KES 20,000. On early withdrawal: No Interest earned on amount saved. Last checked 10 April 2026 by phone with the bank.

KCB Bank fixed deposit rates

KCB Bank publishes fixed deposit rates of 1 month 5.25%, 3 months 5.75%, 6 months 5.75% and 12 months 6.50%. After the 15% withholding tax the 12-month rate is about 5.52%, 8th of the 19 banks on this page. The minimum deposit is KES 50,000. On early withdrawal: No interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

Equity Bank fixed deposit rates

Equity Bank publishes a 12-month fixed deposit rate of up to 5.00% — "up to" because the rate is tiered, ranged or negotiable and depends on the amount you deposit. The minimum deposit is KES 50,000. On early withdrawal: No interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

Co-operative Bank (Co-op) fixed deposit rates

Co-operative Bank publishes fixed deposit rates of 1 month 3.50%, 3 months 4.50%, 6 months 4.75% and 12 months 5.00%. After the 15% withholding tax the 12-month rate is about 4.25%, 15th of the 19 banks on this page. The minimum deposit is KES 50,000. On early withdrawal: No Interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

NCBA Bank fixed deposit rates

NCBA Bank publishes fixed deposit rates of 3 months 7.40%, 6 months 7.83% and 12 months 8.64%. After the 15% withholding tax the 12-month rate is about 7.34%, 4th of the 19 banks on this page. The minimum deposit is KES 100,000. On early withdrawal: No Interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

Stanbic Bank fixed deposit rates

Stanbic Bank publishes fixed deposit rates of 1 month 4.50%, 3 months 5.00%, 6 months 5.25% and 12 months 6.00%. After the 15% withholding tax the 12-month rate is about 5.1%, 9th of the 19 banks on this page. The minimum deposit is KES 20,000. On early withdrawal: No Interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

Absa Bank Kenya fixed deposit rates

ABSA Kenya publishes fixed deposit rates of 1 month up to 1.00%, 3 months up to 3.60%, 6 months up to 3.80% and 12 months up to 4.00% — "up to" because the rate is tiered, ranged or negotiable and depends on the amount you deposit. The minimum deposit is KES 100,000. On early withdrawal: No Interest earned on amount saved. Last checked 15 September 2026 by phone with the bank.

Standard Chartered fixed deposit rates

Standard Chartered publishes fixed deposit rates of 1 month up to 1.75%, 3 months up to 3.75%, 6 months up to 4.50% and 12 months up to 5.00% — "up to" because the rate is tiered, ranged or negotiable and depends on the amount you deposit. The minimum deposit is KES 100,000. On early withdrawal: No Interest earned on amount saved and charges might apply. Last checked 15 September 2026 against the bank’s website.

Family Bank fixed deposit rates

Family Bank does not publish a fixed deposit rate; when we checked, the bank said the rate depends on the amount you deposit, so ask for a quote and compare it with the table above. The minimum deposit is KES 30,000. On early withdrawal: Interest portion is paid in case of pre-mature withdrawal of deposit. Last checked 8 April 2026 by phone with the bank.

Frequently Asked Questions

Of the 21 banks on this page, the highest published 12-month rate is up to 10.00% at Kingdom Bank, the top of a range that depends on the amount. The highest single published rate is 10.00% at Victoria Commercial Bank. Among the large tier-1 banks, NCBA Bank publishes the highest, at 8.64%. Rates were checked with each bank between 23 March and 15 September 2026.

Usually not by default: most Kenyan fixed deposits pay all the interest when the term ends, though some banks offer monthly interest on larger deposits — ask when you book. As a guide, KES 1,000,000 at NCBA Bank’s published 12-month rate of 8.64% earns about KES 6,120 a month after the 15% withholding tax (KES 73,440 a year). If you need regular income from a lump sum, a money market fund lets you withdraw monthly without breaking a deposit.

KCB Bank’s fixed deposit rates are 1 month 5.25%, 3 months 5.75%, 6 months 5.75% and 12 months 6.50%, on a minimum deposit of KES 50,000 (last checked 15 September 2026). After the 15% withholding tax the 12-month rate is about 5.52%. KCB may negotiate a higher rate for large deposits.

Absa Bank Kenya’s 12-month rate is tiered by amount: 3.50% (0-99,999) 3.70% (1 million - 4,999,999) 4.0% (5 million - 19,999,999) — so up to 4.00% before tax, or about 3.4% after the 15% withholding tax at the top tier. Last checked 15 September 2026.

A 12-month fixed deposit locks your money with a bank for one year at a rate fixed on the day you deposit. Interest is usually paid at maturity, with 15% withholding tax deducted at source, and most Kenyan banks forfeit the interest if you withdraw early. Published 12-month rates on this page range from ABSA Kenya (up to 4.00%) to Kingdom Bank (up to 10.00%).

Yes. Banks also take fixed (term) deposits from businesses, SMEs and organisations — KCB, for example, lists separate fixed and short-term deposit products for MSMEs with rates "as released by the bank from time to time". The rates on this page are published retail rates; a business placing a large sum should ask the bank’s treasury desk for a negotiated rate and compare it with these figures.

MMFs invest directly in Treasury bills and other money market instruments. Banks use your fixed deposit money to fund loans but pass you 4% to 10% in published 12-month retail rates. The spread is the bank’s profit margin. MMFs pass most of the yield to you, minus a 1–2.5% management fee. Most published FD rates are still below the MMF average (~9.4%), making MMFs the better deal for most retail savers. MMFs invest heavily in Treasury Bills — compare live T-Bill rates to see the underlying yield. Compare FDs and MMFs side-by-side →

In three scenarios: (1) Large deposits (KES 1M+) where banks may offer negotiated rates above published sheets. (2) You specifically want to lock the money away to prevent yourself from spending it — the penalty acts as a behavioral commitment device. (3) You want KDIC deposit insurance (up to KES 500K, as of March 2026) which MMFs don’t offer. Most published FD rates still sit below the MMF average (~9.4%), so an MMF is usually the better choice — though a few smaller banks publish rates at or near it.

It varies by bank. UBA Kenya starts from KES 10,000. Consolidated Bank of Kenya, Diamond Trust Bank and Stanbic Bank start from KES 20,000. Family Bank starts from KES 30,000. Bank of Africa Kenya, Co-operative Bank, Equity Bank, Gulf-African, HF Group, I&M Bank, KCB Bank, Kingdom Bank, SBM Bank Kenya and Sidian Bank start from KES 50,000. ABC Bank, ABSA Kenya, NCBA Bank, Prime Bank, Standard Chartered and Victoria Commercial Bank start from KES 100,000. By contrast, many MMFs start at KES 100.

Yes — most Kenyan banks negotiate FD rates based on deposit amount, term, and relationship. Published 12-month rates range from 4% (ABSA Kenya) to 10% (Kingdom Bank and Victoria Commercial Bank). A few banks (Family Bank and UBA Kenya) don’t publish rates at all and quote based on the amount you are saving. If you’re depositing KES 500K or more, call the bank’s treasury desk directly — you may get rates above the published sheets.

Fixed deposit interest is subject to 15% withholding tax (as of March 2026), same as MMFs. The bank deducts it automatically before paying you. A 10% FD rate nets you about 8.5% after tax. Our calculator shows after-tax numbers.

Most banks auto-renew at maturity unless you instruct otherwise. Check whether the renewal rate is the “prevailing rate” (which may be different) or the original rate. Some banks give a grace period of 1–7 days after maturity to withdraw without penalty.

We track published fixed deposit rates, minimum deposit requirements, available terms, and early withdrawal penalties for 21 Kenyan banks. Rates come from each bank’s product page or, where a bank does not publish them, from calling the bank; every row in the table shows the date it was last checked. Where a rate depends on the amount or is negotiable, we show the top of the range as “up to”. Banks that publish no rate at all (Family Bank and UBA Kenya) are listed at the foot of the table, unranked. Actual rates may vary — contact your bank for a quote.