Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 923,410 after 15 years — about Ksh 423,410 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 923,410
1.85× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 423,410
At 4.09% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 3,316,381 over the same 15 years — that's -Ksh 2,392,971 less than Equity Money Market Fund.