T-bill rates this week

How T-bills compare

Money market fund average from our rates board of 6 Nov 2026. T-bills lock your money until they mature; money market funds let you withdraw within days. Both are taxed at 15% on interest.

T-bill calculator

T-bills are sold at a discount: you pay less today and get the full amount (the face value) when the bill matures. Tax is taken from the interest.

Treasury bonds

No bonds are listed right now. The Central Bank usually offers new bonds every month: see the CBK bonds page.

Bond interest calculator

Bonds pay interest twice a year and return your money at maturity. If you buy below or above face value, your actual yield differs from the coupon. You can sell a bond before maturity on the Nairobi Securities Exchange, but the price may be lower than you paid.

How to buy T-bills and bonds

1. Open a free DhowCSD account with the Central Bank of Kenya on the DhowCSD website or app. You'll need your ID, KRA PIN and a bank account in your name.
2. Check the minimum amount and the auction dates on the CBK Treasury bills page. T-bill auctions happen every week, usually on Thursday.
3. Place a bid before the deadline. A non-competitive bid accepts the average rate, which is simplest for most people.
4. If your bid succeeds, pay the amount shown by the payment deadline, from your bank.
5. At maturity, the face value (less tax on the interest) is paid into your bank account. You can choose to roll it over into a new bill.

You can also buy through a bank or stockbroker, or get T-bill-like returns with no minimum lock-in through a money market fund.

Recent auctions