Invest Ksh 1,000,000 in Absa Shilling Fund MMF for 5 years.
At Absa Shilling Fund MMF's current net yield of 6.14% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,359,306 after 5 years — about Ksh 359,306 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,359,306
1.36× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 359,306
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,878,876 over the same 5 years — that's -Ksh 519,570 less than Absa Shilling Fund MMF.