Serrari Group

Savings, investments and their yield comparisons

Saving money is a critical aspect of financial planning, and choosing the right tools for saving can greatly impact your long-term financial goals. In this article, we will explore different savings tools available in Kenya and compare their potential yields, providing you with a comprehensive overview of each option. It’s important to note that the yields mentioned are approximate and subject to change based on market conditions in Kenya.

Traditional Savings Accounts

Traditional savings accounts offered by Kenyan banks provide a safe and easily accessible option for storing your money. However, they typically offer lower interest rates compared to other savings tools.

Yield Comparison: Traditional savings accounts in Kenya generally yield between 0.5% and 8% annually. 

High-Yield Savings Accounts

High-yield savings accounts, often offered by Kenyan banks, provide higher interest rates than traditional savings accounts. These accounts can be a suitable option for individuals looking for better returns on their savings.

Yield Comparison: High-yield savings accounts in Kenya typically yield upwards towards 9% annually. 

Fixed Deposit Accounts

Fixed deposit accounts require you to deposit a fixed amount of money for a specific term, ranging from a few months to several years. Fixed deposit accounts generally offer higher yields than traditional savings accounts due to the commitment of leaving the funds untouched for the agreed-upon period.

Yield Comparison: Fixed deposit accounts in Kenya yield varying interest rates based on the duration and amount deposited. They currently average around 6% annually. 

Money Market Funds

Money market funds in Kenya invest in low-risk securities such as government Treasury Bills and bank deposits. They offer a higher interest rate than regular savings accounts and provide an opportunity for individuals to access higher yields with relatively low risk.

Yield Comparison: Money market funds in Kenya generally yield between 7.0% and 10.6% annually. 

Treasury Bills

Treasury Bills (T-bills) are short-term government securities issued by the Central Bank of Kenya. They provide a safe investment option with fixed interest rates.

Yield Comparison: The yields on Treasury Bills in Kenya vary based on the tenor (duration) of the bill and market conditions, ranging from 11.90% to 12.15% annually as of June 2023 according to the Central Bank of Kenya. 

Corporate Bonds

Corporate bonds in Kenya are debt securities issued by corporations to raise capital. They offer fixed interest rates and are generally suitable for investors seeking higher yields.

Yield Comparison: Corporate bonds in Kenya provide varying yields based on the creditworthiness of the issuer and the term of the bond. Current issuer East African Breweries limited has a 12.25% bond maturing December 2026. 

Unit Trusts

Unit trusts in Kenya pool money from multiple investors to invest in a diversified portfolio of assets such as stocks, bonds, and money market instruments. They are managed by professional fund managers and offer the potential for higher returns.

Yield Comparison: Unit trusts in Kenya have varying yields depending on the asset allocation and market conditions. According to Cytonn the average performance of unit trusts in Kenya was 4.5% in the year 2022. However, there were notable exceptions such as Sanlam Investments that net 18.5% in that same year.

Peer-to-Peer Lending

Peer-to-Peer (P2P) lending platforms in Kenya connect borrowers with individual lenders, allowing individuals to earn interest by lending money directly to borrowers. P2P lending offers potentially higher yields but comes with the risk of borrower defaults.

Yield Comparison: P2P lending yields in Kenya can vary significantly depending on the platform and the risk profile of borrowers. An example is LendPlus that offers those who invest by saving their funds upwards of up to 12.5%. 

In Conclusion

When it comes to choosing the right tools for saving in Kenya, understanding the potential yields is crucial for maximizing your financial growth. The different options, such as high-yield savings accounts, fixed deposit accounts, money market funds, Treasury Bills, corporate bonds, unit trusts, REITs, P2P lending, and stock market investments, provide varying levels of risk and return.

It’s essential to diversify your savings across multiple tools to balance risk and optimize potential yields. Conduct thorough research, assess your risk tolerance, and consider your financial goals before selecting the tools for saving that align with your individual needs. Consult with financial advisors and review reliable sources, including those provided, to make informed decisions.

Please note that the yields mentioned here are approximate and can fluctuate based on economic factors and market conditions specific to Kenya. Stay updated on market trends and seek professional advice to make informed decisions about your savings and investments in Kenya.

Photo source: freepik

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023