Invest Ksh 5,000,000 in ICEA Lion MMF for 15 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 13,617,371 after 15 years — about Ksh 8,617,371 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 13,617,371
2.72× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 8,617,371
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 33,163,811 over the same 15 years — that's -Ksh 19,546,440 less than ICEA Lion Money Market Fund.