Enter the deposit, your bank’s quoted annual rate and the term in months.
Estimate only. Rates checked 13 Oct 2026.
Notes
- Interest is simple interest for the term, as most banks quote for fixed deposits.
- Banks deduct 15% withholding tax on interest for residents.
- Breaking a deposit early may cost you interest; check the bank’s terms.
Compare with the MMF calculator.
Frequently asked questions
Is fixed deposit interest taxed?
Yes, at 15% withholding tax for residents.
Where do I get fixed deposit rates?
From your bank; rates are negotiated and change often.
More: All guides · Tax calculators · PAYE calculator
Sources
- KRA – Withholding Income Tax FAQs (checked 13 October 2026)
