Invest Ksh 2,000,000 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 2,000,000 deposit grows to about Ksh 2,138,150 after 1 year — about Ksh 138,150 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,138,150
1.07× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 138,150
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 2,268,870 over the same 1 year — that's -Ksh 130,720 less than ICEA Lion Money Market Fund.