Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 1,053,694 after 15 years — about Ksh 553,694 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,053,694
2.11× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 553,694
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 3,316,381 over the same 15 years — that's -Ksh 2,262,687 less than African Alliance MMF.