Invest Ksh 1,000,000 in Enwealth MMF for 20 years.
At Enwealth Money Market Fund's current net yield of 8.79% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 5,799,597 after 20 years — about Ksh 4,799,597 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,799,597
5.80× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 4,799,597
At 8.79% 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 12,462,138 over the same 20 years — that's -Ksh 6,662,542 less than Enwealth Money Market Fund.