Invest Ksh 5,000,000 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 5,000,000 deposit grows to about Ksh 5,345,376 after 1 year — about Ksh 345,376 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,345,376
1.07× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 345,376
At 6.68% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 5,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 5,672,175 over the same 1 year — that's -Ksh 326,800 less than ICEA Lion Money Market Fund.