Invest Ksh 1,000,000 in CIC MMF for 10 years.
At CIC Money Market Fund's current net yield of 6.95% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 2,003,577 after 10 years — about Ksh 1,003,577 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,003,577
2.00× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 1,003,577
At 6.95% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 3,530,175 over the same 10 years — that's -Ksh 1,526,599 less than CIC Money Market Fund.