Nairobi, Kenya — Credit Bank PLC has emerged as the commercial bank offering the highest deposit interest rate in Kenya for September 2025, standing at 11.91%, according to the latest figures from the Central Bank of Kenya (CBK).
The rate places Credit Bank at the top of the list, signaling a strong effort to attract deposits and enhance customer savings returns.
African Banking Corporation and Paramount Bank Follow Closely
African Banking Corporation Limited offered the second-highest rate at 11.35%, making it a competitive option for savers seeking strong yields.
Paramount Bank Limited came in third, with a deposit rate of 10.13%, reflecting the bank’s focus on attractive savings and investment products for both individuals and businesses.
Meanwhile, Kingdom Bank Limited and Middle East Bank (K) Limited each offered 9.53%, ranking among the top five institutions rewarding savers with above-average returns.
What Higher Deposit Rates Mean for Savers
These higher deposit interest rates allow customers to earn more from their savings, offering a stronger incentive to deposit and retain funds in these banks.
Financial experts note that such rates often signal aggressive deposit mobilization, as banks seek to fund lending and investment activities while appealing to savers in a competitive market.
“Banks offering double-digit deposit rates are likely positioning themselves to expand lending portfolios while rewarding customer loyalty,” said a Nairobi-based financial analyst.
Encouraging a Savings Culture
The current landscape shows growing competition among smaller and mid-tier banks, which are offering higher rates to attract deposits in an environment of rising loan demand and tight liquidity.
For Kenyan savers, this trend presents opportunities to maximize returns by comparing deposit rates before choosing where to bank.
