Invest Ksh 2,000,000 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 2,000,000 deposit grows to about Ksh 2,453,795 after 5 years — about Ksh 453,795 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,453,795
1.23× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 453,795
At 4.09% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 3,757,752 over the same 5 years — that's -Ksh 1,303,957 less than Equity Money Market Fund.