Savings in fixed deposit accounts cross Sh2 trillion

Data from CBK shows that cash in fixed deposit accounts stood at Sh2.03 trillion in July, accounting for Sh48.1 billion growth compared to June.

Photo credit: Stanlaus Manthi | Nation Media Group

Savings in fixed deposit accounts grew by Sh124.8 billion in the first seven months of the year, crossing Sh2 trillion amidst relative high returns offered by banks.

Data from the Central Bank of Kenya (CBK) shows that cash in fixed deposit accounts stood at Sh2.03 trillion in July, accounting for Sh48.1 billion growth compared to June.

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