Invest Ksh 250,000 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 250,000 deposit grows to about Ksh 274,170 after 1 year — about Ksh 24,170 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 274,170
1.10× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 24,170
At 9.23% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 283,609 over the same 1 year — that's -Ksh 9,439 less than Gulfcap Money Market Fund.