Invest Ksh 1,000,000 in Gulfcap MMF for 1 years.
At Gulfcap Money Market Fund's current net yield of 9.23% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,096,681 after 1 year — about Ksh 96,681 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,096,681
1.10× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 96,681
At 9.23% 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 37,754 less than Gulfcap Money Market Fund.