Invest Ksh 1,000,000 in African Alliance MMF for 20 years.
At African Alliance MMF's current net yield of 4.97% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 2,701,838 after 20 years — about Ksh 1,701,838 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,701,838
2.70× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 1,701,838
At 4.97% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 12,462,138 over the same 20 years — that's -Ksh 9,760,300 less than African Alliance MMF.