Banks have swam in billions by paying little to nothing for customer deposits. But with an increasingly savvy consumer threatening to ditch the lenders and take their money elsewhere, the banks are raising interest on deposits to entice savers.

Should you keep your money in the bank?

Rina Hicks, Operations Director at Faida Investment Bank, looks at the pros and cons of keeping your cash in the bank.

Make Money, a podcast series from Business Daily Africa unravels ways to be financially savvy. Get practical tips and advice on how to increase your income, build wealth, and achieve financial freedom in Kenya. Whether you’re just starting out or a seasoned investor, we’ve got something for everyone.

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Season 3

Episode 1: Government bonds: Risk-free or low risk?

Episode 2: MMFs: Who really needs a fund manager?

Episode 3: How to protect your investments as interest rates fall

Episode 4: Is the stock market still a way make to money?

Episode 5: Does it still make sense to buy dollars?

Episode 6: How time directly impacts your investments

Episode 7: Hacking home ownership

Season 2

Episode 1: Redefining your money goals

Episode 2: Making money work for you

Episode 3: Where to make money in 2024

Episode 4: Make your side hustles worthwhile

Episode 5: Loan and Behold: The art and science of borrowing

Episode 6: Career driven - Triumph at your job

Episode 7:  Better Together - The Power of Group Investing

Episode 8: Make your networks shape your net worth

Episode 9: Buy now, Pay later - The A to Z of consumer credit

Episode 10: What would you do if you had Sh500,000?

Season 1

Episode 1: Financial fitness – walk before you can run

Episode 2: Myths about investing 

Episode 3: Baby steps…Little is more

Episode 4: A cheque from government

Episode 5: NSE - Taking stock of the market

Episode 6: Going offshore – cast your bread in many waters

Episode 7: Kenya’s black gold

Episode 8: Investor’s edge - Saccos

Episode 9: How wife’s wake-up call led Ken to make more money