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Cost of moneyKenya

Deposit rate in Kenya

What does parked money earn there?

Kenya's deposit rate is 11.98 % — #7 of 70 countries on the atlas (higher is better). Period 2024.

11.98%

Checked 23 Sept 2026Period 2024

Source: IMF International Financial Statistics

Deposit rate in Kenya over time

18.40 %10.42 %2.43 %18.40 % · 19982.43 % · 20041967: 3.50 %1968: 3.50 %1969: 3.50 %1970: 3.50 %1971: 3.50 %1972: 3.50 %1973: 3.50 %1974: 4.31 %1975: 5.13 %1976: 5.13 %1977: 5.13 %1978: 5.13 %1979: 5.13 %1980: 5.75 %1981: 8.85 %1982: 12.20 %1983: 13.27 %1984: 11.77 %1985: 11.25 %1986: 11.25 %1987: 10.31 %1988: 10.33 %1989: 12.00 %1990: 13.67 %1991: 14.50 %1994: 15.72 %1995: 13.60 %1996: 17.59 %1997: 16.72 %1998: 18.40 %1999: 9.55 %2000: 8.10 %2001: 6.64 %2002: 5.49 %2003: 4.13 %2004: 2.43 %2005: 5.08 %2006: 5.14 %2007: 5.16 %2008: 5.30 %2009: 5.97 %2010: 4.56 %2011: 5.63 %2012: 11.57 %2013: 8.64 %2014: 8.37 %2015: 9.19 %2016: 8.69 %2017: 7.67 %2018: 8.29 %2019: 7.51 %2020: 6.97 %2021: 6.69 %2022: 7.15 %2023: 9.17 %2024: 11.98 %19671996202411.98 %
56 official observations, 1967 → 2024. Every point is a published value — never interpolated.
Rank
#7 of 70
higher is better
Ranked behind
90 %
63 of 70 countries
Latest move
▲ 2.81 pp
since 2023
Below its peak
6.42 pp
peak 18.40 % in 1998
Full series
▲ 8.48 pp
since 1967

In Africa: #3 of 15vs median 4.96 %: +7.02 pp (better)

Among 70 countries

10 of 70 countries between 0.14 % and 0.93 %6 of 70 countries between 0.93 % and 1.73 %6 of 70 countries between 1.73 % and 2.52 %5 of 70 countries between 2.52 % and 3.31 %3 of 70 countries between 3.31 % and 4.10 %5 of 70 countries between 4.10 % and 4.89 %6 of 70 countries between 4.89 % and 5.69 %5 of 70 countries between 5.69 % and 6.48 %3 of 70 countries between 6.48 % and 7.27 %5 of 70 countries between 7.27 % and 8.06 %3 of 70 countries between 8.86 % and 9.65 %3 of 70 countries between 9.65 % and 10.44 %2 of 70 countries between 10.44 % and 11.24 %2 of 70 countries between 11.24 % and 12.03 %2 of 70 countries between 12.03 % and 12.82 %1 of 70 countries between 14.41 % and 15.20 %3 of 70 countries between 18.37 % and 19.16 %median 4.82 %Kenya: ahead of 90 % of the 70 countries with a published deposit rateKenya 11.98 %0.14 %19.16 %
Half of all 70 countries sit between 1.89 % and 7.70 %. Kenya is ahead of 90 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryDeposit ratevs Kenya
5 Honduras12.44 %+0.46 pp
6 Madagascar12.08 %+0.10 pp
7 Kenya11.98 %—
8 Nigeria11.27 %−0.71 pp
9 Georgia10.59 %−1.39 pp

Bank deposit rate, IMF-harmonised — what parked money earns.

How to read this figure

The IMF-harmonised deposit rate — what banks pay on deposits. Compare it with inflation: a deposit rate below inflation means parked money loses purchasing power even inside the bank. Same harmonisation trade-off as the lending rate.

Next, about Kenya

Savings vs inflationInflation rateLending rate
Deposit rate, all countries ranked →Compare Kenya with another country →Everything about Kenya →
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