Invest Ksh 250,000 in CIC MMF for 15 years.
At CIC Money Market Fund's current net yield of 6.95% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 709,004 after 15 years — about Ksh 459,004 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 709,004
2.84× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 459,004
At 6.95% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,658,191 over the same 15 years — that's -Ksh 949,186 less than CIC Money Market Fund.