Invest Ksh 1,000,000 in GenAfrica MMF for 5 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 1,477,658 after 5 years — about Ksh 477,658 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,477,658
1.48× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 477,658
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 1,878,876 over the same 5 years — that's -Ksh 401,218 less than GenAfrica Money Market Fund.