Invest Ksh 500,000 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 500,000 deposit grows to about Ksh 534,538 after 1 year — about Ksh 34,538 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 534,538
1.07× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 34,538
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 567,218 over the same 1 year — that's -Ksh 32,680 less than ICEA Lion Money Market Fund.