Invest Ksh 2,000,000 in ICEA Lion MMF for 10 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 3,900,427 after 10 years — about Ksh 1,900,427 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 3,900,427
1.95× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 1,900,427
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 7,060,351 over the same 10 years — that's -Ksh 3,159,924 less than ICEA Lion Money Market Fund.