Invest Ksh 5,000,000 in Gulfcap MMF for 3 years.
At Gulfcap Money Market Fund's current net yield of 9.23% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 6,594,941 after 3 years — about Ksh 1,594,941 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 6,594,941
1.32× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 1,594,941
At 9.23% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 7,299,765 over the same 3 years — that's -Ksh 704,824 less than Gulfcap Money Market Fund.