Commercial Bank Fixed Deposit Rates

Commercial Bank Fixed Deposit Rates Rating: 5,0/5 6647 reviews

.An Additional 0.5% should be added to above rates for all Minors’ Fixed Deposits and Extended Fixed Deposits. Interest Rates For Co-operative Sector (Minimum deposit Rs. 5,000/-) w.e.f 15th February 2021. If you are a resident of India, you can choose from a wide range of deposit products with maturities ranging from 12 to 84 months at competitive rates of interest and with different features to suit the investment needs of individuals.Senior citizens who are 60 years of age or older are offered an additional 0.25% p.a. On all deposit products. Open your account with JA$25,000. Tax-free interest on your five-year savings. Competitive interest rates. Withdraw up to 75% of your interest every 90 days. Certificate of deposit. Online banking using JN. Century Commercial Bank Limited; Address: Putalisadak, Kathmandu, Nepal. SWIFT Code: CCBNNPKA; Phone: 977-1-4445062 (Hunting No.), 977-1-4412579, 977-1-4428392.

The more you invest today, the more benefits you are going to reap in the future. Investing is similar to planting a seed today so that you can comfortably sit under a shady tree in the future, enjoying its bounty. Making an investment is always a worthwhile decision that builds up long-term financial security. To plan your financial resources properly and manage your investment options such as Fixed Deposits, you need a trusted partner, who not only can give you the best options but also can help you grow your savings.

Built on a firm foundation of trust and stability strengthened over five decades, LB Finance (LBF) is one of the leading financial companies in the country. With a deposit base of over Rs. 89.7 billion as at 30th September 2020, LBF is proud to own one of the largest deposit bases among non-banking financial institutions in the country. Over the decades, LBF has become a trusted brand name, synonymous with stability and dependability, while playing a key role as a reliable financial partner for many.

Special Benefits of LB Finance Fixed Deposits:
  • Backed by the trust and assurance of the nation’s most trusted financial institution
  • Flexible maturity period
  • Unbeatable interest rates
  • Quick refunds on maturity
  • Quick loans against your deposits
  • Superior customer service

When you are thinking of a good investment plan, and on the lookout for the best Fixed Deposit facility, look no further than LB Finance.

Current Rates of Fixed Deposit interest with effect from 07th January 2021
FIXED DEPOSIT (Minimum of Rs. 5,000/-)
PeriodNormal RateSenior Citizen Rate
01 Month4.50%4.59%4.50%4.59%
03 Months4.25%4.33%4.75%4.84%4.25%4.33%4.75%4.84%
06 Months4.50%4.59%5.00%5.06%4.50%4.59%5.00%5.06%
01 Year6.00%6.17%6.25%6.25%6.50%6.70%6.75%6.75%
15 Months6.00%6.17%6.25%6.20%6.50%6.70%6.75%6.69%
18 Months6.00%6.17%6.25%6.16%6.50%6.70%6.75%6.64%
02 Years7.37%7.62%7.63%7.36%7.87%8.16%8.13%7.82%
03 Years7.84%8.13%8.13%7.55%8.34%8.67%8.63%7.98%
04 Years7.84%8.13%8.13%7.29%8.34%8.67%8.63%7.70%
05 Years8.30%8.62%8.63%7.44%8.80%9.16%9.13%7.81%

Terms & Conditions Apply

In this article, I will enlighten you on best-fixed deposit rates in Kenya. A fixed deposit is the most popular way of saving money. It is a sure investment as well as offers good returns.

While opening a fixed deposit account, you will need to put a fixed tenure at an agreed rate of interest. At the end of this tenure, you will receive the amount you have invested plus compound interest.

With a fixed deposit account, you are guaranteed of positive returns. These returns do not fluctuate over time as opposed to market-led investments.

Even though the fixed deposit rate falls, you will continue to receive the interest decided when you opened the account.

The return on investment on fixed deposit accounts depends on the fixed deposit interest rate and the type of deposit you are investing.

You can opt for a monthly or quarterly pay-out of interest or the reinvestment option, which will give you the benefit of compounding.

While fixed deposit accounts are fixed for an agreed tenure/period, you can take out a loan against it in the form of an overdraft.

The benefit of this kind of loan is that your investment continues to earn interest and you do not have to withdraw your money prematurely.

Commercial Bank Interest Rate

Best Fixed Deposit Rates in Kenya

Bank Deposit Interest Rates Comparison

Here are the best Fixed Deposit Rates in Kenya in 2020

1. KCB Bank

KCB offers a competitive fixed deposit rate for local and foreign currencies.

The bank, however, has a condition, money must remain in the fixed deposit rate account for the agreed period.

They offer an interest rate of up to 6% p.a. on your savings

2. I&M Bank

Fixed deposit accounts in I&M Bank are opened for fixed contracted periods, which range from one month to one year.

The bank boasts of having attractive rates, thus providing customers with long term savings growth opportunities.

Fixed deposit accounts can be opened in the following currencies,

Commercial bank fd rate
  • Kenya Shillings
  • US Dollars
  • Euro
  • GB Pounds
  • South African Rand

In I&M Bank, the minimum you are allowed to deposit for your fixed deposit account is Ksh. 50,000

3. CBA Bank


CBA bank fixed deposit account offers flexible investment periods with interest that is paid upon maturity or at predetermined times of the year.

In CBA, you have the luxury of investing in both local or foreign currency.

You require the minimum of Ksh 100,000 / USD 10,000 as the deposit amount in CBA.

4. Stanbic Bank

Interest rates at Stanbic bank are fixed during the investment period and funds available on maturity.


There is no monthly fee charged to this account, and interest is also calculated upon maturity.

5. Standard Chartered Bank

The fixed deposit account is available to clients of this bank in Kenya Shillings, US Dollar, Pound Sterling, Euro, Japanese Yen, Australian Dollar and South Africa Rand.

What is attractive about this bank is that you can negotiate for a fixed deposit rate that suits you.

You can access personal loans and overdrafts equivalent to 80% of the balance in the Fixed Deposit Account.

You require a minimum of deposit of Ksh 100,000

5. Equity Bank

Equity Bank fixed deposit account provides you with a medium for investment opportunities for individual savers, businesses and organisations.

The minimum amount you can invest in this bank is Ksh 20,000 with a minimum investment period of one month.

The bank allows you to negotiate the fixed deposit interest rate that best suits you.

Commercial Bank Fixed Deposit Rates

One of the benefits of the fixed deposit rate accounts in this bank is that you can withdraw prematurely.

It also allows direct borrowing of up to 80%.

6. Cooperative Bank

The investment period offered by Coop Bank is one to twelve months.

The clients are then paid a competitive rate for the period the money is held in the account.

7. DTB Bank

The minimum deposit allowed at this bank is Ksh 100,000, and it offers a competitive fixed deposit rate.

You can also deposit using foreign currency–> USD 10,000 or GBP 10,000

Commercial bank fixed deposit rates 2020

8. Consolidated Bank

This facility is available to both individuals and business clients.

You require a minimum account opening balance of Ksh 50,000.


You can invest at this bank for a period one month, 2, 3, 6, 9 or 12 months or on call.

The account holder can get a loan and overdraft using the deposit account.

More about the fixed deposit rates in Kenya

Commercial Bank Sri Lanka Fixed Deposit Rates

  • The interest rate is fixed and guaranteed for the term of the investment, so you don`t have to worry about declining interest rates.
  • Depending on what bank you settle on, interest payment options are flexible, allowing interest to be paid monthly, quarterly, half-yearly, annually or upon maturity.
  • Some banks will enable you to the fixed deposit accounts as security against a loan or overdraft.
  • You have the choice of changing your investment period, inform the bank before the date of maturity.
  • Some banks offer a free advice slip in the mail upon maturity or on request, also enquire about this from your respective bank.