Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 17,070,207 after 20 years — about Ksh 12,070,207 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 17,070,207
3.41× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 12,070,207
At 6.14% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 62,310,691 over the same 20 years — that's -Ksh 45,240,485 less than Absa Shilling Fund MMF.