Invest Ksh 250,000 in Enwealth MMF for 1 years.
At Enwealth Money Market Fund's current net yield of 8.79% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 272,967 after 1 year — about Ksh 22,967 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 272,967
1.09× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 22,967
At 8.79% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 283,609 over the same 1 year — that's -Ksh 10,642 less than Enwealth Money Market Fund.