Invest Ksh 500,000 in Absa Shilling Fund MMF for 1 years.
At Absa Shilling Fund MMF's current net yield of 6.14% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 531,659 after 1 year — about Ksh 31,659 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 531,659
1.06× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 31,659
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 35,558 less than Absa Shilling Fund MMF.