Invest Ksh 5,000,000 in Lofty-Corban MMF for 20 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 28,997,983 after 20 years — about Ksh 23,997,983 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 28,997,983
5.80× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 23,997,983
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 62,310,691 over the same 20 years — that's -Ksh 33,312,709 less than Lofty-Corban Money Market Fund.