Interest rate on bank deposits fell 11.7% to 7.67% in Kenya in 2017, according to the National Central Bank.
Historically, interest rate on bank deposits in Kenya reached an all time high of 18.4% in 1998 and an all time low of 2.43% in 2004.
Kenya has been ranked 22nd within the group of 114 countries we follow in terms of interest rate on bank deposits, 56 places above the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Dem. Republic of the Congo | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.71% | 4.01% | 3.66% | 3.38% | 4.19% | ||||||||
| Djibouti | % | 2.03% | 1.24% | 1.06% | 1.54% | 1.65% | ... | ... | ||||||||||||||
| Eritrea | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Ethiopia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||
| Kenya | % | 8.64% | 8.37% | 9.19% | 8.69% | 7.67% | ||||||||||||||||
| Mozambique | % | 8.80% | 8.58% | 8.53% | 10.8% | 17.1% | ||||||||||||||||
| Rwanda | % | 9.92% | 8.24% | 8.24% | 7.91% | 7.72% | ||||||||||||||||
| Somalia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| South Sudan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.36% | 1.39% | 1.20% | 1.02% | 0.712% | |||
| Sudan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Tanzania | % | 9.97% | 9.86% | 9.90% | 10.5% | 11.2% | ||||||||||||||||
| Uganda | % | 12.1% | 10.8% | 12.8% | 13.2% | 9.70% | ... | |||||||||||||||
| Yemen | % | 15.3% | ... | ... | ... | ... | ... | ... | ||||||||||||||
| Zambia | % | 6.49% | 7.88% | 8.99% | 10.8% | 8.89% |
Helgi Analytics 
