Invest Ksh 100,000 in Absa Shilling Fund MMF for 10 years.
At Absa Shilling Fund MMF's current net yield of 6.14% (after Kenya's 15% withholding tax), a Ksh 100,000 deposit grows to about Ksh 184,771 after 10 years — about Ksh 84,771 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 184,771
1.85× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 84,771
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 100,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 353,018 over the same 10 years — that's -Ksh 168,246 less than Absa Shilling Fund MMF.