Invest Ksh 500,000 in Gulfcap MMF for 5 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 793,180 after 5 years — about Ksh 293,180 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 793,180
1.59× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 293,180
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 939,438 over the same 5 years — that's -Ksh 146,258 less than Gulfcap Money Market Fund.