Invest Ksh 500,000 in Enwealth MMF for 5 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 775,924 after 5 years — about Ksh 275,924 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 775,924
1.55× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 275,924
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 939,438 over the same 5 years — that's -Ksh 163,514 less than Enwealth Money Market Fund.