Invest Ksh 2,000,000 in KCB MMF for 1 years.
At KCB Money Market Fund's current net yield of 7.57% (after Kenya's 15% withholding tax), a Ksh 2,000,000 deposit grows to about Ksh 2,157,261 after 1 year — about Ksh 157,261 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 2,157,261
1.08× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 157,261
At 7.57% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 2,000,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 2,268,870 over the same 1 year — that's -Ksh 111,609 less than KCB Money Market Fund.