Invest Ksh 1,000,000 in Equity MMF for 15 years.
At Equity Money Market Fund's current net yield of 4.09% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,846,821 after 15 years — about Ksh 846,821 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,846,821
1.85× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 846,821
At 4.09% 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 6,632,762 over the same 15 years — that's -Ksh 4,785,941 less than Equity Money Market Fund.