Invest Ksh 500,000 in Gulfcap MMF for 20 years.
At Gulfcap Money Market Fund's current net yield of 9.23% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 3,166,476 after 20 years — about Ksh 2,666,476 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 3,166,476
6.33× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 2,666,476
At 9.23% 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 6,231,069 over the same 20 years — that's -Ksh 3,064,593 less than Gulfcap Money Market Fund.