Invest Ksh 5,000,000 in Mayfair MMF for 5 years.
At Mayfair Money Market Fund's current net yield of 5.75% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 6,665,302 after 5 years — about Ksh 1,665,302 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 6,665,302
1.33× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 1,665,302
At 5.75% 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 9,394,380 over the same 5 years — that's -Ksh 2,729,078 less than Mayfair Money Market Fund.