Invest Ksh 100,000 in ICEA Lion MMF for 5 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 139,650 after 5 years — about Ksh 39,650 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 139,650
1.40× your deposit
Deposited
Ksh 100,000
One-off, no withdrawals
Interest earned
Ksh 39,650
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 187,888 over the same 5 years — that's -Ksh 48,238 less than ICEA Lion Money Market Fund.