Invest Ksh 2,000,000 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 2,000,000 deposit grows to about Ksh 4,007,153 after 10 years — about Ksh 2,007,153 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 4,007,153
2.00× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 2,007,153
At 6.95% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 7,060,351 over the same 10 years — that's -Ksh 3,053,198 less than CIC Money Market Fund.