Invest Ksh 1,000,000 in Equity MMF for 5 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 1,226,897 after 5 years — about Ksh 226,897 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,226,897
1.23× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 226,897
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 1,878,876 over the same 5 years — that's -Ksh 651,979 less than Equity Money Market Fund.