Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 545,934 after 1 year — about Ksh 45,934 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 545,934
1.09× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 45,934
At 8.79% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 21,284 less than Enwealth Money Market Fund.