Invest Ksh 500,000 in CIC MMF for 1 years.
At CIC Money Market Fund's current net yield of 6.95% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 535,982 after 1 year — about Ksh 35,982 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 535,982
1.07× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 35,982
At 6.95% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 31,235 less than CIC Money Market Fund.