Invest Ksh 1,000,000 in Cytonn MMF for 1 years.
At Cytonn Money Market Fund's current net yield of 9.39% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,098,437 after 1 year — about Ksh 98,437 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,098,437
1.10× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 98,437
At 9.39% 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 1,134,435 over the same 1 year — that's -Ksh 35,998 less than Cytonn Money Market Fund.