Invest Ksh 2,000,000 in Mayfair MMF for 20 years.
At Mayfair Money Market Fund's current net yield of 5.75% (after Kenya's 15% withholding tax), a Ksh 2,000,000 deposit grows to about Ksh 6,315,814 after 20 years — about Ksh 4,315,814 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 6,315,814
3.16× your deposit
Deposited
Ksh 2,000,000
One-off, no withdrawals
Interest earned
Ksh 4,315,814
At 5.75% 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 24,924,277 over the same 20 years — that's -Ksh 18,608,463 less than Mayfair Money Market Fund.