As @mlennyma is saying, Kenyans are a bloody lazy lot!!! Why don't you think of ways you can profitably deploy your money! Were you forced to put it in the bank??? You want to deposit your money in the bank let someone else do all the work and take all the risks and give you a risk free 7% as you sit on your lazy a$$??

Even the bank will not be able to make that much despite all the work and risks! Issue loans @ 14.5% and give you 7%?? Difference? 7.5%! Now subtract all the costs from rent to salaries to marketing to validation of security to following up defaulters etc. etc. What remains??

And to make matters worse, with inflation in Kenya being at 5.xy, it means banks will be doing absolute ZERO work - if not negative!!!

Finance and Economics should be made compulsory up to form 2 at least! Not that the issue at hand needs any advanced knowledge but the arguments show how badly we are doing in financial literacy. And this is Wazua. Wait until you go to the streets and villages and you hear the reasoning.

Reminds me when Kibera residents were told to pay "what the can afford" as rent. And as if that was not bad enough, one fellow appeared on TV saying "Tuliambiwa tulipe ile tunaweza afford. Ambapo ni bure!!!"

you cant just compare kenyan banks with banks in developed economies...It's like comparing a dick to an airport

I kid you not @Obi. Even when T Bills were at double digits, most Kenyans were too lazy to open an account and buy and left the money lying in a Bank account somewhere earning 2% then complain to whoever was willing to listen.

Let people think and put in some work - physical or mental - if they want to earn a coin.

Look at the bigger picture boss. The bigger picture is that GOK has the absolute prerogative to make laws regulating anything and everything within the constitution. If a bank doesn't like it, it can go do business elsewhere.

So after banks who will be regulate next, supermarkets. This thing will backfire big time. Let us wait and see.