Invest Ksh 500,000 in Absa Shilling Fund MMF for 20 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 1,707,021 after 20 years — about Ksh 1,207,021 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,707,021
3.41× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 1,207,021
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 6,231,069 over the same 20 years — that's -Ksh 4,524,048 less than Absa Shilling Fund MMF.