Invest Ksh 500,000 in African Alliance MMF for 10 years.
At African Alliance MMF's current net yield of 4.97% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 821,863 after 10 years — about Ksh 321,863 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 821,863
1.64× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 321,863
At 4.97% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,765,088 over the same 10 years — that's -Ksh 943,224 less than African Alliance MMF.