Invest Ksh 500,000 in ICEA Lion MMF for 20 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 1,901,666 after 20 years — about Ksh 1,401,666 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,901,666
3.80× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 1,401,666
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 6,231,069 over the same 20 years — that's -Ksh 4,329,403 less than ICEA Lion Money Market Fund.