Invest Ksh 1,000,000 in Equity MMF for 3 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 1,130,537 after 3 years — about Ksh 130,537 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,130,537
1.13× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 130,537
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 1,459,953 over the same 3 years — that's -Ksh 329,416 less than Equity Money Market Fund.