JiPangeWhere to put your savings
Generated 25 October 2026
Where to put your savings
What each option pays after tax: the options that can be compared side by side, and the one that cannot kept separate.
What these pay, after tax
All of these are interest, all taxed at 15% withholding, all quoted as an annual rate — so they can be compared directly. Today they are all within a whisker of each other, so the order below is not a ranking.
We currently assume a money market fund returns the same as the 91-day Treasury bill. Their gross yields are therefore identical, and the small difference you may see after tax is a methodology gap — an MMF quotes a nominal annual rate while a bill quotes an effective annual yield, so tax lands over different periods. It is not a finding about either product.
On today's figures every option here is level — within 0.35 percentage points of each other, which is closer than these figures can reliably separate. Choose on lock-up and access, not on the rate. All of it is before inflation — what it leaves you in real terms is a different and smaller number.
Government bonds are deliberately not in this table. A bond's return depends on the price you pay and how long you hold it, and putting a fifteen-year commitment in a row beside a three-month bill invites a comparison the number cannot support.
SACCO dividends — why this is not in the table above
Commonly 8%–15% across the sector, as of 2025-12-31.
- A SACCO pays a dividend on share capital out of its annual surplus. That is not interest on a deposit: it is declared once a year, at the society's discretion, and a bad year can mean a lower one or none.
- The figure is a sector range across many societies — 8% to 15% — not a rate any one of them quotes you.
- It is as of 2025-12-31, so it is older than every other figure on this page.
- The Deposit Guarantee Fund under the Sacco Societies Act is not yet operational, so unlike a Treasury bill there is no statutory protection standing behind the money.
Source: SASRA Supervision Annual Report and Quarterly Statistical & Soundness Reports to Q4 2025
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Not insured
the SACCO Deposit Guarantee Fund is not yet operational, so SACCO money has no statutory protection behind it. Bank deposit insurance is live but capped: it covered 19.5% of bank deposits by value in December 2025.
Sacco Societies Act; Amendment Bill 2025 pending · CBK Bank Supervision Annual Report 2025, Appendix IX
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6.06%
is what the average Kenyan bank deposit paid after withholding tax in December 2025 (7.13% before it). Set it against the after-tax rates above.
CBK Bank Supervision Annual Report 2025, §3.7
Spotted a figure that looks wrong? Tell us what it should be. Tax bands and rates change on somebody else’s schedule — a reader with their own payslip catches a stale one faster than we do.