Deposit Interest Rate in Kenya increased to 11.98 percent in 2024 from 9.17 percent in 2023. Deposit Interest Rate in Kenya averaged 9.07 percent from 1980 until 2024, reaching an all time high of 18.40 percent in 1998 and a record low of 2.43 percent in 2004. source: World Bank

Deposit Interest Rate in Kenya is expected to reach 10.98 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Kenya is projected to trend around 10.98 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Central Bank Balance Sheet 2333783.00 2297434.00 KES Million Jun 2025
Deposit Interest Rate 11.98 9.17 percent Dec 2024
Foreign Exchange Reserves 16892.30 17408.50 USD Million Sep 2025
Interbank Rate 8.77 8.78 percent Feb 2026
Interest Rate 8.75 9.00 percent Feb 2026
Money Supply M0 323.21 312.18 KES Billion Dec 2025
Money Supply M1 2405.97 2366.62 KES Billion Dec 2025
Money Supply M2 4682.65 4605.23 KES Billion Dec 2025
Money Supply M3 6029.35 5913.63 KES Billion Dec 2025


Deposit Interest Rate in Kenya
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.
Actual Previous Highest Lowest Dates Unit Frequency
11.98 9.17 18.40 2.43 1980 - 2024 percent Yearly