Invest Ksh 5,000,000 in Nabo Africa MMF for 5 years.
At Nabo Africa Money Market Fund's current net yield of 9.26% (after Kenya's 15% withholding tax), a Ksh 5,000,000 deposit grows to about Ksh 7,943,700 after 5 years — about Ksh 2,943,700 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 7,943,700
1.59× your deposit
Deposited
Ksh 5,000,000
One-off, no withdrawals
Interest earned
Ksh 2,943,700
At 9.26% 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 1,450,680 less than Nabo Africa Money Market Fund.