Invest Ksh 5,000,000 in ICEA Lion MMF for 10 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 9,751,068 after 10 years — about Ksh 4,751,068 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 9,751,068
1.95× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 4,751,068
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 17,650,877 over the same 10 years — that's -Ksh 7,899,809 less than ICEA Lion Money Market Fund.