Invest Ksh 2,000,000 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 2,000,000 deposit grows to about Ksh 5,403,676 after 20 years — about Ksh 3,403,676 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,403,676
2.70× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 3,403,676
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 24,924,277 over the same 20 years — that's -Ksh 19,520,600 less than African Alliance MMF.