Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 923,856 after 10 years — about Ksh 423,856 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 923,856
1.85× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 423,856
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 1,765,088 over the same 10 years — that's -Ksh 841,231 less than Absa Shilling Fund MMF.