Invest Ksh 250,000 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 250,000 deposit grows to about Ksh 487,553 after 10 years — about Ksh 237,553 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 487,553
1.95× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 237,553
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 882,544 over the same 10 years — that's -Ksh 394,990 less than ICEA Lion Money Market Fund.