Invest Ksh 1,000,000 in ICEA Lion MMF for 15 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 2,723,474 after 15 years — about Ksh 1,723,474 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,723,474
2.72× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 1,723,474
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 6,632,762 over the same 15 years — that's -Ksh 3,909,288 less than ICEA Lion Money Market Fund.