Invest Ksh 250,000 in Madison MMF for 1 years.
At Madison Money Market Fund's current net yield of 8.09% (after Kenya's 15% withholding tax), a Ksh 250,000 deposit grows to about Ksh 271,063 after 1 year — about Ksh 21,063 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 271,063
1.08× your deposit
Deposited
Ksh 250,000
One-off, no withdrawals
Interest earned
Ksh 21,063
At 8.09% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 250,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 283,609 over the same 1 year — that's -Ksh 12,546 less than Madison Money Market Fund.