Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 1,001,788 after 10 years — about Ksh 501,788 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,001,788
2.00× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 501,788
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 1,765,088 over the same 10 years — that's -Ksh 763,299 less than CIC Money Market Fund.