Invest Ksh 1,000,000 in African Alliance MMF for 5 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 1,282,079 after 5 years — about Ksh 282,079 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,282,079
1.28× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 282,079
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 1,878,876 over the same 5 years — that's -Ksh 596,797 less than African Alliance MMF.