Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 7,077,387 after 5 years — about Ksh 2,077,387 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 7,077,387
1.42× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 2,077,387
At 6.95% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 9,394,380 over the same 5 years — that's -Ksh 2,316,993 less than CIC Money Market Fund.