with the increase in interest rates the only viable option is to have as much liquid KES cash as possible. Banks have increased their lending interest rates two fold but i have not heard of the FDR rates going up. called a few of my bankers and the rate is still averaging at 4 to 5% which is quite absurd. if the cost of funds as they claim has gone up then let them reflect the same... its not feasible for me to give u money at 4% then u lend it back to me at 25%.

Fixed and call deposits is the way to go but will the banks bulge??????????

KCB BOASTED SOMETIMES BACK THAT THEY MADE SUPER PROFITS PARTLY BECAUSE THEY PAID PEANUTS AS INTEREST ON CUSTOMER DEPOSITS AND LENT OUT THE CHEAP FUNDS AT HIGHER INTEREST RATES AND MY MONEY WAS THERE IN THEIR BANK. YOU KNOW WHAT I DID? I GOT IT ALL OUT. AT LEAST YOU DON'T TELL SOMEONE ON HIS FACE THAT YOU ARE STEALING FROM HIM. TO HELL WITH THEIR LOW RISK SAFE KEEPING.

A complicated relationship among the economic growth, inflation, employment, interest rates, stocks prices, liquidity, Ksh strength etc. Making one good will certainly upset the others, hence the Prof will never please all. Get that, grab a bear n swallow hard.

Untill we replace 'made in china'(plates, cups, roads, electronics etc)
with 'made in kenya' exchange rate remains high

Stanchart has today issued a notice that they are raising their base rate to a whopping 23%. The other day, I was informed some unsecured borrowers are being charged at 13% above base rate of 19% at CFC Stanbic (an astonishing 32%).

Things are indeed thick!!