Kenyans’ savings in current accounts cross Sh1.7 trillion

GRAPHIC | STANSLAUS MANTHI | NMG

Savings in current accounts grew by Sh98.1 billion in the first seven months of the year despite relatively low returns offered by banks on demand deposits.

Data from the Central Bank of Kenya (CBK) reveal that cash in easily accessible savings accounts stood at Sh1.7 trillion in July representing a Sh38.9 billion growth compared to June.

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