Invest Ksh 500,000 in Absa Shilling Fund MMF for 5 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 679,653 after 5 years — about Ksh 179,653 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 679,653
1.36× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 179,653
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 939,438 over the same 5 years — that's -Ksh 259,785 less than Absa Shilling Fund MMF.