Interest rate on bank deposits reached 6.69% in 2021 in Kenya, according to the National Central Bank. This is 4.04% less than in the previous year.
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 16th within the group of 96 countries we follow in terms of interest rate on bank deposits.
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