Invest Ksh 1,000,000 in CPF MMF for 3 years.
At CPF Money Market Fund's current net yield of 6.73% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,223,703 after 3 years — about Ksh 223,703 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,223,703
1.22× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 223,703
At 6.73% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,459,953 over the same 3 years — that's -Ksh 236,250 less than CPF Money Market Fund.