Invest Ksh 2,000,000 in African Alliance MMF for 15 years.
At African Alliance MMF's current net yield of 4.97% (after Kenya's 15% withholding tax), a Ksh 2,000,000 deposit grows to about Ksh 4,214,776 after 15 years — about Ksh 2,214,776 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 4,214,776
2.11× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 2,214,776
At 4.97% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 13,265,524 over the same 15 years — that's -Ksh 9,050,748 less than African Alliance MMF.