Commercial banks with the lowest deposit interest rates

For the month of September 2025, Standard Chartered Bank Kenya offered the lowest deposit interest rate in the country at just 3.23%. This is significantly lower than its peers, highlighting the variation in deposit returns across the Kenyan banking sector.

Citibank N.A Kenya and Premier Bank Kenya Limited both offer a rate of 5.86%, while Co-operative Bank of Kenya Limited provides a slightly higher rate of 6.04%.

HFC Limited rounds up the list at 6.35%. Lower deposit rates indicate that customers earn less interest on their money kept in these banks, which may affect long-term savings growth.

Banks with lower rates often attract deposits due to their established reputation, wider branch networks, and convenience, rather than the appeal of high returns.