Invest Ksh 5,000,000 in Equity MMF for 20 years.
At Equity Money Market Fund's current net yield of 4.09% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 11,329,298 after 20 years — about Ksh 6,329,298 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 11,329,298
2.27× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 6,329,298
At 4.09% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 62,310,691 over the same 20 years — that's -Ksh 50,981,394 less than Equity Money Market Fund.