Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 7,759,245 after 5 years — about Ksh 2,759,245 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 7,759,245
1.55× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 2,759,245
At 8.79% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 9,394,380 over the same 5 years — that's -Ksh 1,635,136 less than Enwealth Money Market Fund.