Invest Ksh 500,000 in ICEA Lion MMF for 3 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 610,935 after 3 years — about Ksh 110,935 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 610,935
1.22× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 110,935
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 729,977 over the same 3 years — that's -Ksh 119,042 less than ICEA Lion Money Market Fund.