Invest Ksh 1,000,000 in Equity MMF for 20 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 2,265,860 after 20 years — about Ksh 1,265,860 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,265,860
2.27× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 1,265,860
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 12,462,138 over the same 20 years — that's -Ksh 10,196,279 less than Equity Money Market Fund.