Invest Ksh 250,000 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 250,000 deposit grows to about Ksh 267,269 after 1 year — about Ksh 17,269 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 267,269
1.07× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 17,269
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 283,609 over the same 1 year — that's -Ksh 16,340 less than ICEA Lion Money Market Fund.