Fixed Deposit Rates Kenya 2026
Compare fixed deposit interest rates from all major Kenyan banks. Find the best rates for your savings.
Reviewed byPesaMarket Research Team
| Bank | 3 Months | 6 Months | 12 Months | Minimum | |
|---|---|---|---|---|---|
KCB Bank | 8.5% | 9.5% | 11.0% | KES 50,000 | Apply → |
Equity BankLow Min | 8.0% | 9.0% | 10.5% | KES 10,000 | Apply → |
Co-op BankHigh Rates | 9.0% | 10.0% | 11.5% | KES 50,000 | Apply → |
NCBA Bank | 8.5% | 9.5% | 11.0% | KES 100,000 | Apply → |
Stanbic BankBest 12M | 9.5% | 10.5% | 12.0% | KES 100,000 | Apply → |
ABSA Bank | 8.0% | 9.0% | 10.0% | KES 50,000 | Apply → |
Standard Chartered | 9.0% | 10.0% | 11.5% | KES 100,000 | Apply → |
DTB BankTop Rate | 9.5% | 10.5% | 12.5% | KES 100,000 | Apply → |
* Rates are indicative and may vary. Contact banks for current rates. Last updated: December 2026.
Fixed Deposit Calculator
Returns Summary
Why Choose Fixed Deposits?
🔒
Guaranteed Returns
Lock in a fixed interest rate for the entire term. No market risk or rate fluctuations.
🛡️
KDIC Protected
Deposits up to KES 500,000 are insured by Kenya Deposit Insurance Corporation.
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Higher Rates
Earn significantly more than regular savings accounts. Rates up to 13% p.a.
Tips for Fixed Deposits
✓Compare rates from multiple banks before deciding
✓Consider laddering - split deposits across different terms
✓Check for promotional rates for new customers
✓Factor in the 15% withholding tax on interest
✓Longer terms usually offer better rates
✓Some banks offer rate boosts for larger deposits
Frequently Asked Questions
What is a fixed deposit?
A fixed deposit (FD) is a savings account where you deposit money for a fixed period at a guaranteed interest rate. The longer the term, typically the higher the rate.
Are fixed deposits safe in Kenya?
Yes, fixed deposits in licensed Kenyan banks are protected by KDIC up to KES 500,000 per depositor per bank.
Is fixed deposit interest taxed?
Yes, 15% withholding tax is deducted from fixed deposit interest for residents. Rates shown are gross rates before tax.