Invest Ksh 500,000 in ICEA Lion MMF for 15 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 1,361,737 after 15 years — about Ksh 861,737 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,361,737
2.72× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 861,737
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 3,316,381 over the same 15 years — that's -Ksh 1,954,644 less than ICEA Lion Money Market Fund.