Invest Ksh 250,000 in African Alliance MMF for 1 years.
At African Alliance MMF's current net yield of 4.97% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 262,738 after 1 year — about Ksh 12,738 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 262,738
1.05× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 12,738
At 4.97% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 283,609 over the same 1 year — that's -Ksh 20,871 less than African Alliance MMF.