Bank depositors now have reasons to be terrified about the value of their savings.
Their money, which has been earning interest in bank vaults, is quickly diminishing in value.
Investment experts are raising the red flag that ordinary bank accounts, either current or savings, are no longer a safe haven for keeping money.
The reason is the rising inflation, an economic reality that former US President Ronald Reagan described as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
In recent months, inflation has surged to worrisome levels.
Kenya National Bureau of Statistics show that inflation hit a record high of 31.5 per cent in May from 26.6 per cent in April.
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