Invest Ksh 500,000 in Madison MMF for 3 years.
At Madison Money Market Fund's current net yield of 8.09% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 637,326 after 3 years — about Ksh 137,326 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 637,326
1.27× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 137,326
At 8.09% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 729,977 over the same 3 years — that's -Ksh 92,651 less than Madison Money Market Fund.