Invest Ksh 1,000,000 in CIC MMF for 5 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 1,415,477 after 5 years — about Ksh 415,477 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,415,477
1.42× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 415,477
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 1,878,876 over the same 5 years — that's -Ksh 463,399 less than CIC Money Market Fund.