Invest Ksh 2,000,000 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 2,000,000 deposit grows to about Ksh 3,695,425 after 10 years — about Ksh 1,695,425 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 3,695,425
1.85× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 1,695,425
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 7,060,351 over the same 10 years — that's -Ksh 3,364,926 less than Absa Shilling Fund MMF.