Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 10,536,940 after 15 years — about Ksh 5,536,940 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 10,536,940
2.11× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 5,536,940
At 4.97% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 33,163,811 over the same 15 years — that's -Ksh 22,626,871 less than African Alliance MMF.