Invest Ksh 2,000,000 in GenAfrica MMF for 10 years.
At GenAfrica Money Market Fund's current net yield of 7.81% (after Kenya's 15% withholding tax), a Ksh 2,000,000 deposit grows to about Ksh 4,366,945 after 10 years — about Ksh 2,366,945 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 4,366,945
2.18× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 2,366,945
At 7.81% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 7,060,351 over the same 10 years — that's -Ksh 2,693,406 less than GenAfrica Money Market Fund.