Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 540,611 after 1 year — about Ksh 40,611 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 540,611
1.08× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 40,611
At 7.81% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 26,607 less than GenAfrica Money Market Fund.