Invest Ksh 100,000 in ICEA Lion MMF for 10 years.
At ICEA Lion Money Market Fund's current net yield of 6.68% (after Kenya's 15% withholding tax), a Ksh 100,000 deposit grows to about Ksh 195,021 after 10 years — about Ksh 95,021 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 195,021
1.95× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 95,021
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 100,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 353,018 over the same 10 years — that's -Ksh 157,996 less than ICEA Lion Money Market Fund.