38 Kenyan Banks Ranked by Deposit Interest Rates — Highest to Lowest

With Money Market Funds (MMFs) and other passive income vehicles recording a significant drop in returns following the recent reduction of the Central Bank Lending Rate—from 10% to 9.75% (and yesterday, to 9.5%)—many bank account holders are now turning their attention to deposit interest rates. This refers to the interest earned on money deposited into a bank account.

The interest rates offered by the 38 banks currently operating in Kenya vary widely, with the highest at 13.18% and the lowest at 2.86%.

Last week, the Central Bank of Kenya (CBK) published the deposit interest rates for the 38 commercial banks for the month of June. The gap between the highest- and lowest-paying institutions sends a clear signal: shopping around for better deposit rates is not just smart—it’s essential.

In this list, we have ranked all 38 Kenyan banks from the highest to the lowest based on their published average deposit interest rates for the month of June. Here is the full list:

1. Credit Bank PLC - 13.18
2. African Banking Corporation - 12.32
3. Family Bank- 11.96
4. Equity Bank- 10.73
5. Kingdom Bank- 10.63
6. Development Bank of Kenya- 10.61
7. Paramount Bank- 10.42
8. Access Bank Kenya- 10.11
9. Commercial International Bank (CIB)- 9.99
10. Bank of India- 9.83
11. Bank of Baroda- 9.8
12. SBM Bank- 9.77
13. Middle East Bank- 9.71
14. M-Oriental Bank- 9.42
15. DIB Bank- 9.31
16. Bank of Africa, Kenya- 9.04
17. Prime Bank- 9
18. UBA Bank- 8.97
19. Sidian Bank- 8.77
20. Ecobank- 8.43
21. Gulf African Bank- 8.39
22. Habib Bank- 8.2
23. I&M Bank- 8.2
24. Absa Bank- 8.07
25. NCBA Bank- 8.05
26. Guaranty Trust Bank- 7.99
27. National Bank of Kenya- 7.93
28. Guardian Bank- 7.89
29. Diamond Trust Bank- 7.69
30. Citi Bank - 7.27
31. Stanbic Bank - 7.23
32. KCB Bank- 6.65
33. HFC Bank- 6.49
34. Cooperative Bank- 6.11
35. Standard Chartered Bank- 3.11
36. Premier Bank- 2.86
37. Victoria Commercial Bank- 9.47
38. Consolidated Bank- 7.3