Invest Ksh 1,000,000 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 1,000,000 deposit grows to about Ksh 1,396,500 after 5 years — about Ksh 396,500 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,396,500
1.40× your deposit
Deposited
Ksh 1,000,000
One-off, no withdrawals
Interest earned
Ksh 396,500
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 1,878,876 over the same 5 years — that's -Ksh 482,376 less than ICEA Lion Money Market Fund.