Invest Ksh 250,000 in Absa Shilling Fund MMF for 15 years.
At Absa Shilling Fund MMF's current net yield of 6.14% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 627,902 after 15 years — about Ksh 377,902 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 627,902
2.51× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 377,902
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,658,191 over the same 15 years — that's -Ksh 1,030,289 less than Absa Shilling Fund MMF.