Equity Money Market Fund calculator for Ksh 500,000 over 5 years.
Calculate Equity Money Market Fund returns using the current 4.09%net yield after Kenya's 15% withholding tax. Edit amount, duration and monthly top-up below to model your own MMF returns.
Projected final balance
Ksh 613,449
Ksh 500,000 over 5 years
Estimated interest
Ksh 113,449
At 4.09% net p.a.
Current rank
#28
28 MMFs tracked
Current Equity Money Market Fund interest rate
Equity Money Market Fund, managed by Equity Bank, is currently listed at 4.81% gross and 4.09% net after withholding tax. This makes it rank #28 among 28 tracked Kenyan money market funds.
Adjustable calculator
Change amount and duration
Estimate returns for Equity Money Market Fund using the current net annual rate of 4.09% after tax. Gross rate is 4.81% before withholding tax.
Final balance
Ksh 613,449
Total contribution
Ksh 500,000
Estimated interest
Ksh 113,449
This is an estimate using daily compounding and the displayed net rate. Actual fund returns can change daily and may differ from this projection.
Why use an MMF?
Money market funds are commonly used for short-to-medium term savings, emergency funds and cash parking because they usually provide daily accrual and easier access than long fixed deposits.
Gross vs net yield
Gross yield is before tax. Net yield is after Kenya's 15% withholding tax and is usually the better number for comparing what reaches the investor.
Risks to note
MMF yields are not fixed forever. They can change as Treasury bill, bond and market rates move, so this projection is an estimate, not a guaranteed return.