Invest Ksh 5,000,000 in Lofty-Corban MMF for 1 years.
At Lofty-Corban Money Market Fund's current net yield of 8.79% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 5,459,337 after 1 year — about Ksh 459,337 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 5,459,337
1.09× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 459,337
At 8.79% 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 212,838 less than Lofty-Corban Money Market Fund.