Invest Ksh 1,000,000 in ICEA Lion MMF for 1 years.
At ICEA Lion Money Market Fund's current net yield of 6.68% (after Kenya's 15% withholding tax), a Ksh 1,000,000 deposit grows to about Ksh 1,069,075 after 1 year — about Ksh 69,075 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,069,075
1.07× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 69,075
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 1,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 1,134,435 over the same 1 year — that's -Ksh 65,360 less than ICEA Lion Money Market Fund.