Invest Ksh 500,000 in ICEA Lion MMF for 5 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 698,250 after 5 years — about Ksh 198,250 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 698,250
1.40× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 198,250
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 939,438 over the same 5 years — that's -Ksh 241,188 less than ICEA Lion Money Market Fund.