Invest Ksh 1,000,000 in GenAfrica MMF for 1 years.
At GenAfrica Money Market Fund's current net yield of 7.81% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,081,222 after 1 year — about Ksh 81,222 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,081,222
1.08× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 81,222
At 7.81% 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 1,134,435 over the same 1 year — that's -Ksh 53,213 less than GenAfrica Money Market Fund.